Zcash Price Stabilizes Near $790 as Social Dominance Soars
Zcash price has stabilized near $790 after a significant rally to $880 earlier this month. According to Santiment, ZEC's social dominance surged by 183% during the August rally, exceeding gains for Bitcoin, Ethereum, and Hyperliquid.
The privacy coin retreated after gaining almost 80% from roughly $490 to $880 in a short period of time. Its share of online discussion expanded much faster than those of Bitcoin and Ethereum.
Zcash price now faces technical resistance near $825, following several lower highs. ZEC futures open interest totals approximately $1.57 billion, adding substantial derivatives exposure around the current trading range.
Grayscale launched ZCSH on NYSE Arca on August 25, converting its existing trust into an exchange-traded product. The Zcash Foundation also opened its Community Advisory Panel poll to address unresolved NU7 proposals, with voting closing September 14 at 19:00 UTC.