Zcash (ZEC) experienced a sharp 10-12% price drop, falling from a peak near $1,298 to around $1,090–$1,120, triggering $27.6 million in futures liquidations within 24 hours. This correction follows an extraordinary 2,400% rally over the past year, fueled by heavy leverage and institutional interest, including a $533 million Grayscale Zcash ETF. While the pullback shows traders reducing leveraged positions amid rising volatility, institutional demand remains, supporting the token's fundamentals. The key level to watch is $1,050; holding above it could stabilize prices, but a break below may accelerate further declines due to deleveraging.
Zcash mining currently generates about $708 per megawatt-hour (MWh) of electricity, nearly four times the $179 per MWh earned by Bitcoin mining with comparable equipment. This higher gross revenue is driving new miners and institutional players to Zc...
XRP's price volatility has sharply decreased ahead of the US Senate's vote on the CLARITY Act and the Federal Reserve's interest rate decision, causing the price to stabilize around $1.34–$1.37. Historically, such low volatility phases for XRP have l...
Jupiter (JUP) surged 8.64% to $0.2477, driven by expanding decentralized applications and growing user interest in its ecosystem. In contrast, Cosmos Hub (ATOM) fell 8.78% to $1.65 due to worries over network upgrades and interoperability issues. Thi...
Grayscale Research reveals that while Bitcoin miners earn about $35 million daily in total compared to Zcash's $2 million, Zcash mining rigs generate roughly twice the daily revenue of Bitcoin rigs. Additionally, Zcash mining is about four times more...
Zcash (ZEC) shows a strong rebound, trading near $1,187 after a rapid rise from $500 in mid-August, signaling robust growth potential. Binance Coin (BNB) maintains a bullish trend above $700, aiming to retest $770–$780 resistance after a recent corre...
