Zcash jumps 23% to $1,369 on Paradigm backing and network upgrade vote
- —ZEC gained 23% in 24 hours and is trading around $1,369
- —Paradigm disclosed holding ZEC; Huang called it a privacy complement to bitcoin
- —Holders voted to speed up payments while maintaining emission reduction
- —BTC rose less than 1% to $76,258, SOL gained nearly 3%
Why it matters: Institutional backing and the network upgrade strengthen Zcash's position as the largest privacy coin amid a broader market recovery.
Source: Newsbit