- On Wednesday, Zcash’s price skyrocketed by 22%, helping its value to break above a major resistance level of $330 with a market capitalization of $5.5 billion.
- The price movement was witnessed following a bullish momentum in the overall crypto market, sparking euphoria in the community.
- On Tuesday, U.S. President Donald Trump declared a ceasefire in the ongoing war with Iran, easing tension in the global financial market.
On April 8, Zcash (ZEC), one of the popular privacy coins, witnessed a rally of 22% on a daily chart following the bullish momentum in the crypto market.
At present, the Zcash price is hovering around $330 with a market capitalization of $5.5 billion, thanks to growing investors’ confidence in the privacy coins. According to CoinMarketCap, the daily trading volume has also crossed the $1.02 billion mark.
Zcash Gains Momentum with Bullish Trend in Crypto Market
The price rally comes as Foundry Digital, the comp...
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