'Extremely Bullish': Zcash Rebounds By $2.5 Billion Amid Planned Fix for Supply Conundrum
60-second summary
Zcash is rebounding with a $2.5 billion market value increase as its backers introduce an upgrade to address a supply conundrum, calming investor concerns. The move aims to restore faith in the digital asset, which had been struggling with a perceived oversupply. This development is expected to boost investor confidence in the privacy-focused cryptocurrency.
Zcash pared steep losses after the privacy coin's backers introduced an upgrade aimed at restoring faith in the digital asset's supply.