Zcash Crash Just Wiped Billions From the Privacy Coin's Market Cap—Can ZEC Recover?

Read original at Decrypt·

Zcash Crash Just Wiped Billions From the Privacy Coin's Market Cap—Can ZEC Recover?

60-second summary

Zcash's price is plummeting after a critical vulnerability was disclosed, wiping billions from the privacy coin's market cap. The price of ZEC has dropped significantly, with a 20% decline in the past 24 hours, and a 30% drop in the past week. This raises concerns about Zcash's long-term viability and its ability to recover from this setback.

The price of Zcash cratered following the disclosure of a serious vulnerability for the privacy coin. Can ZEC make a comeback anytime soon?