Zcash, upward trend continues… surges 31% again on the day
Uk Jin
Summary
- Zcash (ZEC) was reported to have risen 31.58% and surged 546.48% compared with the previous month.
- It stated that privacy coins tend to be strong during geopolitical conflicts.
- It also reported analysis that investment demand for privacy coins has increased due to the U.S. federal government shutdown and U.S.-China trade tensions.
The privacy-themed virtual asset (cryptocurrency) Zcash (ZEC) is continuing its upward trend.
As of 10:27 AM KST on the 27th, Zcash, according to CoinMarketCap, is trading at 362.65 dollars, up 31.58% from the previous day. This is a 546.48% surge compared with the previous month.
Privacy coins tend to perform strongly whenever geopolitical conflicts flare up. Recently, analyses suggest that investment demand for privacy coins has increased as the U.S. federal government shutdown coincided with U.S.-China trade tensions.
Another privacy-themed virtual asset, Dash (DASH), was also trading at 51.29 dollars at the same time, up 23.03% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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