Zcash Price Surges Toward Fresh Cycle Highs After NU7 Vote
Zcash (ZEC) has continued its sharp price rally as momentum remains strong. Analyst Ali Charts sees $1,800 as his next target and has been monitoring this level closely.
The recent price surge is largely attributed to the NU7 governance vote, which saw nearly 2.4 million eligible ZEC participate in the process. A staggering 99.9% of these participating coins backed a reduction in block times from 75 seconds to 25 seconds.
This change aims to improve payment speed and strengthen the network's utility. The NU7 upgrade also received backing for launching as soon as practical, with 99.3% supporting this approach.
Paradigm co-founder Matt Huang has disclosed that the investment firm holds ZEC, adding another institutional element to the rally. However, elevated momentum indicators and heavy exchange activity raise concerns about a possible short-term pullback.