Based on AMBCrypto, ZCash (ZEC) has dropped 14% in the past day, but market indicators suggest a potential rally toward $1,000. Rising miner profitability, increased hash rate, and a 138% surge in 24-hour trading volume to $4.61 billion are fueling bullish sentiment. Spot investors have resumed accumulation after a week of selling, with major holders like Arthur Hayes signaling strong confidence. Hayes revealed that his family office, Maelstrom, now holds ZEC as its second-largest liquid position after Bitcoin.
ZCash Plunges 14% but Traders Eye $1,000 Rally Amid Rising Miner Profitability and Accumulation
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