Zcash (ZEC) dropped more than 10% to below $1,100 following hotter-than-expected US inflation data that sparked a broad crypto market selloff. The altcoin's market cap fell from over $20 billion to $18.5 billion, though it remains the 10th-largest digital asset. Other major altcoins like XRP and SOL also declined, dragging the total altcoin market cap down to $1.17 trillion. Analysts warn that high leverage in altcoins could lead to sharp liquidations if Bitcoin breaks its current trading range, signaling potential further volatility ahead.
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...
