ZCash rockets beyond $500 despite warning signs… What now?
The cryptocurrency ZCash (ZEC) recently experienced a significant surge in its market value, surpassing the $500 psychological resistance mark. On the previous day, ZEC’s price momentarily reached $501 before a minor retraction to $468 occurred, however, this dip proved to be both brief and shallow. The bullish momentum has been strong, with high trading volumes and a series of six consecutive "green" days, signaling intense buying pressure.