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Zcash faces significant organizational shift as the Electric Coin Company development team announces collective departure. The move marks a turning point for the ZEC project, which has relied on ECC's technical direction for years.
From a technical perspective, ZEC's daily timeframe has already shifted into bearish territory, reflecting broader market sentiment around the announcement. Traders monitoring the chart are noting the weakness in price action following the news.
Meanwhile, other altcoins like LUNC and PEPE continue to capture trading interest amid ongoing market volatility. The broader question for the community becomes whether ZEC can maintain momentum and governance continuity through this transition period.