Zcash Price Soars 8% Following Listing on Robinhood

3 hours ago 3

Rommie Analytics

  • On April 23, Zcash (ZEC) price soared above 8% on a daily chart, helping its price to soar $343 with $5.7 billion. 
  • The surge in cryptocurrency comes after the recent listing on Robinhood and bullish momentum in the crypto market. 
  • However, the Zcash price is already at the overbought level, which might cool down the upward momentum in the privacy coin. 

On Thursday, the Zcash (ZEC) price experienced a surge of about 7% following the listing on Robinhood and positive sentiment in the cryptocurrency market as Bitcoin (BTC) holds its position above $78,000. 

At the time of writing this, the leading privacy coin, ZEC, is currently trading at $343 with a surge of 6.98%, according to CoinMarketCap. The cryptocurrency holds a market capitalization of around $5.7 billion. Its daily trading volume also shot up by 38% and currently revolves around $511.86 million.

The surge in cryptocurrency is coming from the large and steady amount of inflows of money from big institutions and r...

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