Zcash NU7 goes live, what does it mean for ZEC price?

Zcash has activated its NU7 network upgrade, reducing the target block interval from 75 seconds to 25 seconds as ZEC trades near $1,250 following a decline of almost 6% over the past 24 hours. Zcash activated NU7 at block 3,543,405, reducing its target block interval from 75 seconds to 25. The upgrade introduces shielded transaction limits and reserves 60% of transaction fees for future miner rewards. Approximately 12,224 ZEC in the retired Sprout privacy pool have become unspendable under current consensus rules. ZEC traded near $1,250 after falling almost 6%, despite the activation of the network upgrade.

Source: crypto.news