Zcash Price Movement Hinges on Successful NU7 Upgrade Test
Zcash has begun the month of October after a rapid price advance in September and a subsequent pullback. The upcoming NU7 upgrade, which includes faster blocks and a Network Sustainability Mechanism, is set to reach testnet on October 6, with a mainnet decision due on October 20. The upgrade's mainnet activation is tentatively scheduled for November 5, but the timing and success of the test will play a crucial role in determining ZEC's price movement in October.
The current price of ZEC is around $1,336, with a market capitalization of approximately $22.7 billion and a daily trading volume of around $540 million. The price recovery depends on what buyers do before the upgrade is live, while a failed test or another round of selling could deepen the retreat.
The Zcash Foundation's October 2 release set the public testnet activation for height 4,465,026, expected around October 6. A development team timeline calls for a mainnet decision on October 20 and targets November 5 for activation. The upgrade includes faster target blocks, new shielded action limits, and a Network Sustainability Mechanism that recycles part of transaction fees into future block rewards.