Zcash lost the $900 mark on Saturday. According to CoinGecko, one ZEC cost $892.80 at 1:48 p.m. Central European Time on November 14, a little more than 8 percent less than 24 hours earlier. Over seven days the loss is 30.5 percent, more than for any other coin among the 25 largest by market value. At the same time, the Grayscale Zcash ETF, ticker ZCSH, reports a third consecutive trading day of outflows, most recently $4.06 million, according to TokenPost.
For ZEC holders in Europe, three things are coming together: a price at its lowest level since early September, a US fund that has turned from buyer into seller, and a date on Monday when voting on the network's development fund begins. This article puts the numbers in context, explains the mechanism behind the fund outflows and shows which price levels, deadlines and rules now matter.
Zcash price at $893: the lowest level since early September
The range of the past 24 hours ran from $988.26 to $892.07, according to CoinGecko. At the time of measurement, the price was therefore prac...
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