Zcash Announces NU7 Upgrade Timeline Amid Price Surge
- Zcash development organizations, including the Zcash Foundation and Project Tachyon, agreed on the NU7 upgrade date.
- Testnet activation is scheduled for October 6, with mainnet activation set for November 5.
- The upgrade will reduce block times from 75 seconds to just 25 seconds, enhancing transaction performance.
- ZEC price surged by approximately 10%, reaching a new high of $1,526 following the announcement.
- Grayscale predicts a potential ZEC price rally to $8,100 if current trends continue.
The upcoming Zcash NU7 upgrade is expected to improve transaction speeds significantly while maintaining existing halving schedules. This has contributed to increased market interest and buying sentiment among investors.
With ZEC’s recent price increase of about $140 following the upgrade announcement, the cryptocurrency’s future trajectory may align with Grayscale’s optimistic forecast of $8,100.(Source)
