Zcash Hashrate and Shielded Supply Reach All-Time Highs in March
In March, Zcash saw record hashrate and shielded supply, alongside recovering investor sentiment and increased community positivity.Summary
The Zcash network experienced significant growth in March, with its hashrate surging to 16.54 GS/s and shielded supply reaching a new high of 5.15 million ZEC, representing 31% of the circulating supply. This increase in shielded supply demonstrates growing adoption of Zcash’s privacy features. Community sentiment has also improved, with an 88% positive rating and a jump in AltRank to #10, alongside a 34% increase in daily trading volume. Positive developments, such as Foundry Digital’s launch of a Zcash mining pool and Zcash Open Development Lab (ZODL) raising $25 million, have contributed to this momentum, easing concerns from earlier this year regarding the departure of the Electric Coin Company team. Some analysts predict a potential price increase to $400 if the current trend continues, though ZEC currently trades around $268, still down from its November peak.
(Source：BeInCrypto)