- On April 24, Zcash (ZEC) price gained an upward momentum and soared above 5% on a daily chart amid the positive sentiment in the crypto market.
- The current price chart suggests that Zcash is following a classic bullish reversal pattern, which comes after breaking out from a long-term descending channel.
- One of the major factors behind the surge is the release of a major security patch in the zcashd version 6.12.0 software to fix a long-standing weak point in the legacy Sprout shielded pool.
On Friday, Zcash (ZEC), one of the leading privacy coins, witnessed a spike of 5% on constant buying pressure, helping the cryptocurrency to soar above $360 in the last 24 hours.
The surge in Zcash ZEC3.38% is part of a larger recovery for the asset, as in the 30 days, Zcash has gained more than 55%.
At the time of writing this, Zcash is currently trading at around $362 with a market capitalization of around $6.03 ...
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