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Zcash and privacy-focused Crypto Assets rise against the market fall
Source: Criptonoticias Original Title: Zcash and privacy cryptocurrencies withstand the market decline Original Link: https://www.criptonoticias.com/mercados/zcash-criptomonedas-privacidad-resisten-caida-mercado/
Article Body
Zcash (ZEC) and other privacy-oriented cryptocurrencies are resisting the decline of Bitcoin (BTC) and the overall cryptocurrency market.
Currently, most of the top 100 digital assets by market capitalization are in a downtrend. However, cryptocurrencies with privacy infrastructure are recording gains. Zcash, Monero, Dash (DASH), and Decred (DCR) are leading these upward trends, as reflected by CoinMarketCap.
Privacy cryptocurrencies perform prominently in the red market.
What is driving this market segment? It is the strong performance of Zcash since the end of October. Currently, the trading price of ZEC is over $650:
The ZEC quotes for the past six months.
The latest update on ZEC is that Leap Therapeutics has announced a profound shift in its strategy. The company has rebranded itself as Cypherpunk Technologies and has invested $50 million to purchase over 203,000 ZEC, aiming to achieve an ambitious goal: to accumulate 5% of the total supply of this asset.
The company will follow the Treasury model based on stock and debt sales to finance new acquisitions. The maximum supply of ZEC is 21 million units, which corresponds to 1.05 million coins.
On the other hand, it is worth mentioning the launch of Zashi CrossPay, which is a privacy-focused update that allows sending ZEC and over 100 NEAR-compatible assets without exposing metadata. This tool enables payments directly from ZEC without the need to use an exchange, enhancing security and confidentiality for users.
Finally, it is worth emphasizing that the rebound of ZEC has not only aroused the interest of investors but also the interest of miners. The current profitability of the network has reactivated devices based on the Equihash algorithm, which are now at the forefront of the most profitable devices ranking in the market.