Privacy-focused digital assets such as zcash (ZEC) and Monero (XMR) are resisting the decline of Bitcoin (BTC) and the cryptocurrency market.
Currently, most of the digital assets that make up the top 100 market capitalizations are colored red.
but, Cryptocurrency with privacy fundamentals after profit. Zcash, monero, dash (DASH), and decade (DCR) are leading these increases, as reflected in CoinMarketCap.
What is driving this niche market? Well, great performance of zcash since end of October. ZEC is currently trading above $650 as seen in the TradingView chart below.
The latest news regarding ZEC is that Leap Therapeutics has announced a major change in strategy. As reported by CriptoNoticias, the company changed its name to Cypherpunk Technologies; Allocates $50 million to purchase over 203,000 ZECsaims to move towards the ambitious goal of accumulating 5% of the total supply of assets.
The company plans to use a financial model based on equity and debt sales to finance new acquisitions. The goal is a maximum of 21 million ZEC units, worth 1.05 million coins.
On the other hand, we must also mention the launch of Zashi CrossPay. Privacy-focused update to enable sending ZEC Over 100 NEAR compatible assets available without exposing metadata. This tool allows direct payments from ZEC without the need for exchange, increasing security and confidentiality for users.
Finally, I would like to emphasize that The rise in ZEC has aroused interest not only from investors but also from miners.. The current profitability of the network has once again brought the team based on the Equihash algorithm to the top of the ranking of the most profitable on the market.
(Tag Translation) Altcoin
