- The Zcash price has dropped by around 4% on a daily chart following a small correction after last week’s rally, declining its value below $345.
- The drop is part of the ZEC’s consolidating pattern, which might be a small correction before a major breakout in the short term.
- On Wednesday, Cypherpunk Technologies revealed that it bought 9,163.32 ZEC tokens for about $2.15 million.
On April 15, one of the leading privacy coins, Zcash (ZEC), plunged by around 4% as the overbought weekly rally cooled down.
According to CoinMarketCap, the ZEC price is currently trading at around $342.29, with a drop of around 4.52%. At present, the privacy coin is holding a market capitalization of around $5.69 billion. A similar drop was also witnessed in the ZEC price, where it plunged to $454.68 million.
Zcash (ZEC) Price Faces Slight Drop Amid Consolidation Pattern
In the last 7 days, the ZEC has soared by around 6.81%. Today’s drop is a sign that the crypt...
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