ZEC jumps after Orchard fix, but is the worst really over now?

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ZEC, the native coin of the Zcash ecosystem, is the best performer among the top 20 cryptocurrencies by market cap. The coin has bounced back by over 40% since dropping below $250 on Friday, following the Orchard bug report. The momentum indicators suggest that the bearish trend is fading, with the bulls now targeting the $500 psychological level. ZODL details a two-step emergency response to the Zero-Knowledge bug ZEC is outperforming the broader cryptocurrency market after adding 9% to its value in the last 24 hours. The rally comes after Josh Swihart, founder of Zcash Open Development Lab (ZODL), revealed new details on how the Zcash development team responded to a critical vulnerability in its Orchard shielded pool.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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