Zcash Crypto Jumps 12% as NU7 Upgrade Nears: Can ZEC Hit $1,300?
Photo: The Coin Republic
Key Insights Zcash crypto soared roughly 12% as developers advanced the NU7 activation proposal. The proposed Nov. 5 upgrade targets 25-second blocks and revises transaction-fee distribution. ZEC approached $1,300 resistance, although hourly indicators showed weakening momentum. Zcash crypto climbed around 12% on Oct. 21 as developers advanced the network’s NU7 upgrade. The rally pushed ZEC toward $1,300, but deployment specifications still lacked the selected activation height. CoinGlass recorded ZEC near $1,289, with about $2.88 billion in futures open interest. That positioning reflected substantial speculative exposure, but did not establish that the upgrade caused buying.
Source: The Coin Republic
