Zcash Experiences Significant Surge Amid Improved Market Sentiment

Zcash has experienced a notable increase of nearly 9% in the last 24 hours, reflecting improved market sentiment. According to NS3.AI, traders on Myriad are predicting a 40% chance of the cryptocurrency reaching $550. Despite these recent gains, Zcash is still down over 26% compared to the previous month, following executive resignations at Electric Coin Company due to a management dispute. The privacy coin has also benefited from the SEC concluding its investigation without enforcement actions. Other privacy coins, including Verge, DASH, and Monero, have also seen positive gains.