In accordance with Bitcoin.com, Zcash (ZEC) has dropped to $316 on Dec. 2, marking a 30% decline since Nov. 26. The privacy coin’s market cap has shrunk from $11.5 billion to $5.67 billion, with critics attributing the fall to a fading hype-driven rally and governance concerns. Zcash’s off-chain governance model, defended by co-founder Zooko Wilcox, has drawn sharp criticism from industry figures like Naval Ravikant and Vitalik Buterin, who argue it undermines decentralization. Technical analysts project further declines until ZEC reaches a key support range of $297–$311.
Zcash Price Plummets 30% in Two Weeks Amid Governance Criticism
Bitcoin.comShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.