Zcash Price Eyes Bullish Reversal as Ironwood Upgrade Strengthens Network Security
Zcash (ZEC) is showing renewed bullish momentum after rebounding from key support, according to Crypto Yoda. The cryptocurrency's price structure and upcoming Ironwood upgrade point to a potential reversal in its long-term outlook.
The ZEC price has been trading at $483.23 with a 24-hour trading volume of $356.4 million and a market capitalization of $8.11 billion, according to CoinMarketCap. The successful implementation of the Ironwood upgrade could increase confidence among investors by improving features such as privacy, security, and supply verification.
The upgrade introduces a shielded pool based on quantum recoverable notes, which will enhance network security and ensure accurate supply numbers. This is expected to be deployed by July 28, with block height 3,428,143.