Zcash (ZEC) reached a nine-day high, trading above $1,330 and gaining 13% in 24 hours, compared with 3% for Bitcoin and 4% for Ethereum. Its market capitalization exceeds $22 billion, placing it among the ten largest cryptocurrencies and ahead of Hyperliquid. The NU7 upgrade, targeted for November 5, is expected to reduce block times from 75 seconds to 25 seconds and temporarily remove 60% of transaction fees from circulation without changing the mining reward halving schedule. Two major investors also opened long positions worth $18.6 million and $18.9 million, both using 10x leverage. Some analysts expect a consolidation before further gains, while others anticipate a move toward $2,000, a scenario exposed to the risk of cascading liquidations if the price reverses sharply.
Source: Read the original article
