Zcash rebounded above $500 after a sharp correction, underscoring renewed investor interest amid continued volatility in the privacy-focused cryptocurrency sector.
Zcash (ZEC) climbed back above $500 after gaining a major new catalyst, recovering from a drop of over 40% from its recent 7-year high of $735 reached last weekend. The privacy-oriented cryptocurrency rose 21% in a single move, marking a strong rebound following months of exceptional growth from under $50 in October to above $475, a gain exceeding 850%.