Zcash (ZEC) rebounded 21% to surpass $500 following a major catalyst, recovering from a more than 40% drop after hitting a 7-year high of $735 last weekend. The privacy-centric cryptocurrency’s rally comes ahead of its halving event and builds upon strong adoption of privacy infrastructure, technical advancements from the Electric Coin Company, and growing use of shielded transactions. Prior surges had elevated ZEC into the top 20 cryptocurrencies with nearly $10 billion in market capitalization.