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Zcash price rises 5.7% as ZCG funding plan is withdrawn and NU7 upgrade nears

Protocol Fundamentals
04 Nov 2026, 23:13 WIB
CryptoTicker
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Bullish
Zcash price rises 5.7% as ZCG funding plan is withdrawn and NU7 upgrade nears

Zcash (ZEC) surged 5.7% to $1,284 following the withdrawal of a controversial Zcash Community Grants (ZCG) proposal to redirect 98,000 ZEC into a miner reserve. This move removes one uncertainty ahead of the NU7 network upgrade, which will activate around November 6 and bring faster block times and changes to transaction formats. Despite the withdrawal, the dispute over development funding continues with three alternative proposals still pending community decision. Investors should watch for exchange licensing under EU regulations and prepare for the upgrade's impact on old Sprout pool balances and trading volatility.

As of Nov 05, 2026 04:32 WIB, Zcash (ZEC) trades on Pluang at Rp23.316.870 with a 1-day gain of 4.13%. The market cap stands at Rp7,04 trillion and the 24-hour trading volume is Rp787,62 million. Despite the recent surge, Pluang order activity shows 100% sell interest, with investors typically holding ZEC for about 108 days.

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