Here’s Why Zcash Price Soars Past $1,000, What’s Next for ZEC?
Key Insights:
- Zcash crypto price attains a new ATH at $1,029 after previously consolidating for almost 2 weeks near the previous top.
- ZEC open interest pushes to a new ATH at $2.15 billion.
- Grayscale’s ZEC ETF appears to be the common denominator behind the renewed interest.
Zcash price action is making news headlines after pulling off yet another major price milestone. It is one of the few cryptocurrencies exploring new ATHs, and this time it entered 4-digit price territory.
Zcash price just kicked off the week in celebratory mode after pushing above $1,000 for the first time in history. The privacy coin peaked at $1,029 on Friday, riding renewed bullish momentum in the last 2 days.
ZEC crypto previously demonstrated consolidation after rallying in the second half of August. The privacy coin exchanged hands at $971 at press time after a slight pullback.
ZEC crypto was already deep in overbought territory at press time. This would explain the slight pullback from its new ATH.
This content is automatically aggregated. Full credit goes to the original publisher (thecoinrepublic.com).
