Zcash hits new high above $1,480 ahead of NU7 launch
- —ZEC gained about 20% in 24 hours and reached an all-time high above $1,480
- —99.9% of holders approved cutting the block interval from 75 to 25 seconds
- —NU7 testnet is October 6, mainnet November 5, final decision October 20
- —Open interest in ZEC futures rose from 1.76 million to 2.3 million tokens
Why it matters: Faster blocks and rising derivatives activity strengthen interest in Zcash as the leading privacy asset, but an RSI of 71 signals overbought conditions.
Source: Blockonomi