Zcash price analysis: ZEC/USD fails to break past $64.5 and sets new resistance levels

Zcash price analysis has a bearish outlook today. Its price tested the $64.5 mark twice in the last 48 hours but failed to break through, establishing a confirmed resistance level.

Timeline of Zcash

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. Earlier in July, Bitcoin had a hopeful look about it on the charts.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Since early April, Zcash has been on a steady downtrend.

Zcash (ZEC) has is gaining popularity, and not only as one of the top cryptocurrencies, but also as one of the most popular privacy coins. A look at its price action reveals that the token is in a tight range and might be due for a significant breakout.

Zcash price analysis indicates that the prices are currently in a state to enter a bullish trend in the market. The bears are striving to break below the $88.5 support, but they are failing to do so.

According to the Electric Coin Company, the team behind the cryptocurrency network Zcash, the protocol is soon to implement the largest upgrade in history. The Zcash development team has released the 5.0.0 codebase which supports the NU5 upgrade that will occur on or around May 31, at block height 1,687,104. Electric Coin Company and Zcash

Earlier this week, Zcash released a version v5.0.0 activating the NU5 network upgrade, which should take the complete charge starting May 31. Other crypto assets also have upgrade plans underway, heading deeper into Q3 2022.

Zcash ZEC/USD is a fork of Bitcoin BTC/USD, which was developed to introduce a higher level of privacy and anonymity to the crypto space. Zcash verifies ownership of coins and transactions through anonymous means and provides a heightened level of security across all of its users. Its native cryptocurrency, ZEC, can be mined on devices The post Zcash to undergo NU5 activation on mainnet, what to expect? appeared first on Invezz.

Zcash Media has revealed famous NSA whistleblower David Snowden is John Dobbertin, the final pseudonymous person that helped create the privacy cryptocurrency Zcash (ZEC). The post Zcash Media reveals Edward Snowden is John Dobbertin appeared first on CryptoSlate.

Edward Snowden, the well-known whistleblower and former computer intelligence consultant who exposed the Five Eyes Intelligence Alliance, has revealed he took part in the Zcash creation ceremony. Snowden says that during the creation ceremony he “participated” and leveraged the “pseudonym John Dobbertin.” Snowden Played the Role of ‘John Dobbertin' During the Zcash Launch A recent

Snowden is best known for his time as a whistleblower at the National Security Agency, where he released thousands of documents that revealed how the U.S. was spying on its own citizens.