ZEC Surges 73% on Grayscale ETF News. Can a Privacy Coin Survive Wall Street?
6 Articles
6 Articles
ZEC Surges 73% on Grayscale ETF News. Can a Privacy Coin Survive Wall Street?
Zcash just crossed $870, its highest price since 2018, gaining more than 73% in a single week. The rally pushed ZEC’s market cap past $14.3 billion, making it the 12th largest cryptocurrency. Derivatives activity exploded alongside the spot move: futures volume hit $9.54 billion in 24 hours, roughly nine times the spot market volume of $1.06 billion, while open interest climbed to $1.89 billion. The catalyst is straightforward. Grayscale filed i…
Why Is Zcash Going Up? ZEC At $821 As A Spot ETF Arrives
On July 8, when this site published its first structural assessment of Zcash, ZEC traded at $469.57 and the two markers were $440 as support and $500 as the resistance that would probably need several attempts. Both resolved. On August 19 it was $544 and we wrote that the framework had been fully satisfied and the next assessment needed new markers. It now trades at $821.79, having cleared $800 for the first time since January 2018. That is roug…
Zcash Hashrate Goes Vertical as $870 ZEC Price Wakes ASIC Giants
Zcash mining is suddenly running like an industrial business again as ZEC trades near multi-year highs and specialized mining machines push network computing power into record territory. ZEC’s Price Run Drags More Machines Back Online ZEC’s price traded around $820 to $871 between Aug. 23 and Aug. 25, while estimates put Zcash’s network hashrate in […]
Grayscale Updates Zcash ETF S-3 Filing Ahead of Potential NYSE Arca Listing
Grayscale has updated its Zcash ETF S-3 filing with the SEC, moving the privacy-coin product one step closer to a potential listing on NYSE Arca. What Grayscale changed in its Zcash ETF S-3 filing The asset manager submitted an amended S-3 registration statement for its Zcash product to the Securities and Exchange Commission. For related coverage, see Grayscale Files With SEC for a Zcash ETF: What It Means. An S-3 is the registration form issuer…
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