Zcash Price Hits October Wall Ahead of Its 3x Faster Block Upgrade

Developers proposed a specific mainnet block for activating NU7. The upgrade cuts block times and defers most transaction fees to future miners. Old Sprout shielded funds must be moved before activation or become unspendable. ZEC is testing the resistance that has capped every rally this month. Zcash price climbed about 8% over the past 24 hours to $1,313.75, lifting the privacy coin ‘s market value to roughly $22.23 billion after its developers settled on a concrete mainnet height for Network Upgrade 7 (NU7).

Source: Crypto News Flash