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ZCash Faces 14% Plunge, But Analysts Predict a $1,000 Rally Amidst Growing Miner Profitability and Investor Confidence

ZCash Plunges 14%, $1k Rally Predicted

Dario Cesaro avatar
Written by Dario Cesaro
Updated over a week ago

ZCash (ZEC) has experienced a significant 14% price drop in the past day, a move that has caught the attention of traders and analysts. Despite the sharp decline, market indicators suggest a potential rebound, with some predicting a rally towards the $1,000 mark. This optimism is fueled by increasing miner profitability, a rising network hash rate, and a notable surge in trading volume, alongside renewed accumulation by spot investors and endorsements from prominent figures in the crypto space.

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