ZEC Price Slides 25%: Why Are Miners and Privacy Users Doubling Down?
BeInCrypto
Despite a 25% price drop, Zcash shows growing network participation via increased shielded supply and record mining difficulty.Summary
Zcash (ZEC) has dropped over 25% this month due to broader market weakness and concerns following the Electric Coin Company (ECC) team's split from Bootstrap. However, on-chain data indicates underlying structural confidence. The amount of ZEC held in shielded pools is rising again, with over 5 million ZEC (about 30% of supply) held in privacy-preserving addresses, suggesting sustained user engagement with the privacy features. Furthermore, Zcash mining difficulty reached an all-time high in early February, signaling heightened competition and increased hash power securing the network, which suggests mining economics remain viable for some operators despite the price slump.
(Source：BeInCrypto)