Zcash price has crashed this year, erasing most of the gains made last year as profit-taking continued and as competition fears rise.
Summary
- Zcash price has slumped by 66% from its highest level in November last year.
- Ethereum plans to launch stealth addresses, while Cardano is working on Midnight.
- ZEC has moved to the distribution phase of the Wyckoff Theory.
Zcash (ZEC) token dropped to a low of $250 on Friday, down by 66% from its highest level in November last year. This crash has brought its market capitalization from nearly $12 billion to the current $4.21 billion.
The ongoing Zcash price crash aligns with the broader crypto market plunge that has affected…
