The cryptocurrency market has been consolidating over the past few hours, with major coins and tokens experiencing slight pumps during that period. Bitcoin is trading just above $77,100, while Ethereum continues to struggle to hit the $2,200 barrier. However, ZEC, the native coin of the Zcash blockchain, is up by 3%, making it the best performer among the top 20 cryptocurrencies by market cap. Thanks to this rally, ZEC is now trading at $588 and could surge towards its recent wing high. The momentum indicators suggest that the bulls are still in control, with further upward movement expected in the near term. Zcash Foundation reports $36.
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