Zcash (ZEC) Price Prediction: ZEC Defends $300 Support as Bullish Structures and Privacy Narrative Return to Focus
Zcash (ZEC) is holding above the crucial $300 support zone as price consolidates near $339, with traders watching key resistance levels and a potential bullish breakout driven by improving structure and renewed privacy narrative.
Zcash Price Analysis – Shielded addresses underutilized
On-chain statistics show a rise in transactions per day and active addresses over the past few weeks. However, even with the integration of Sapling, shielded addresses are only being utilized by less than 20% of transactions.
Zcash — ready for the ‘Coinbase effect’
Coinbase trading a token like ZEC essentially bestows ‘blue ribbon’ status. The sway the company has on crypto markets is undeniable, but what is the substance behind the 'Coinbase effect'?