ZEC (Zcash) rose 9.33% in 24 hours.

Gate News Bot news, on August 22, according to CoinMarketCap, as of the time of writing, ZEC (Zcash) is currently priced at $42.04, with a rise of 9.33% within 24 hours, reaching a high of $43.27 and a low of $34.48. The 24-hour volume has reached $109 million. The current market capitalization is approximately $680 million, an increase of $58 million compared to yesterday.

Zcash is a cryptocurrency that serves as encrypted electronic cash and is the first to develop zero-knowledge encryption technology for private peer-to-peer payments. Zcash is accessible and available to anyone with an internet connection. It employs end-to-end encryption to protect your privacy rights. Zcash is a decentralized protocol, which means your funds are fully controlled by you.

Important news about ZEC recently:

1️⃣ Qubic Community Changes Attack Target The Qubic community recently voted to shift its next attack target to Dogecoin, rather than the previously considered Zcash. This decision significantly reduces the risk of Zcash potentially facing a 51% attack, boosting investor confidence.

2️⃣ Market Leading Performance In the past 24 hours, Zcash has topped the cryptocurrency market with a rise of 7.87%. This strong performance reflects investors’ recognition of the security of the Zcash network and positive expectations for its future development.

3️⃣ Increase in trading activity The 24-hour volume of Zcash has reached 109 million USD, indicating that interest in this cryptocurrency is on the rise. High volume typically means better liquidity and more active market participation.

From a technical perspective, Zcash has broken through several important resistance levels, and the current price is approaching the 43-dollar mark. If it can solidly break through and maintain this level, it may attract more investors to enter the market, further driving the price rise.

This message is not an investment advice, and investors should be aware of market volatility risks.