Zcash (ZEC) is up by 7% in the last 24 hours, extending its recovery above the $500 level as traders reacted positively to the network’s upcoming Ironwood shielded pool upgrade. Growing optimism surrounding the privacy-focused blockchain has fueled increased activity in the derivatives market, with retail investors driving a sharp rise in futures positions. If bullish momentum continues, ZEC could challenge a major technical resistance level around $520, bringing its swing high of $690 back into focus. Ironwood Shielded Pool Upgrade strengthens confidence Zcash developer Sean Bowe announced that the Ironwood shielded pool is scheduled to go live on the mainnet at block height 3,428,143, expected around July 28, with support from key organizations across the ecosystem. https://twitter.
Source: Read the original article
