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Why Zcash Surged 24% This Past Week

TheMotleyFool

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It's been a tale of differing timelines for investors in cryptocurrency giant Zcash (CRYPTO: ZEC). Investors who put capital to work in this privacy-oriented network a year ago are up more than 800%. However, those who invested just one month ago are down nearly 30%.

Notably, that monthly move includes an incredible 24% weekly rally in Zcash (as of 5:15 p.m. ET), suggesting volatility is the name of the game for this digital asset and for privacy coins overall.

I think that's a fair assessment, given the longer-term rally that's been underway for some time. Let's dive into whether this weekly rally can be sustained and what's behind the stark reversal in near-term investor sentiment this past week.

Source Fool.com

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