Zcash network activates network upgrade seven while token price declines
Image: CoinGapeThe Zcash network activated its NU7 upgrade at block 3,543,405. The upgrade cut target block times to 25 seconds. ZEC experienced a price drop over a 24 hour period amid broader market declines. Derivatives volume for the token rose while open interest fell. Analysts noted key resistance and support levels for future price movements.
Key points
- Zcash derivatives trading volume increased while open interest decreased.
- Analysts noted key resistance and support levels for future price movements.
Why it matters
Network upgrades alter transaction confirmation speeds and operational parameters on the blockchain, while traders monitor key support and resistance thresholds during periods of price consolidation.
Price context · ZEC
At publication
$1,269.29
Now
$1,269.83
Change since
+0.04%
7 days · dashed line = publication
Sources · 2 publishers
Coinpedia
Tier 3
Zcash Price Prediction: Can Zcash Break Above $1,360 and Rally Towards $1,650?
Coverage timeline
- First reported by CoinGape
- Also reported by Coinpedia
- CryptoVideos brief published
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RUNE
−1.7%
