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Zcash (ZEC) Spikes 20% In A Day As Community Passes New Proposal On Mining Rewards

ZCash (ZEC) soars over 10% in a day following the new proposal agreement to allocate 80% of the rewards to miners. The privacy based coin currently trades at $65.20 USD, ranking 26th on Coinmarketcap rankings.

ZCash (ZEC) spikes over 10% in a day as ZIP 1014 passes

As the market retraces from the obscure buying level, ZCash (ZEC), a privacy based crypto token, has seen its price spike over 10% in a day as the community passed the ZCash Improvement Protocol (ZIP 1014). On Feb. 17, the crypto’s community passed the new proposal, which aims to allocate 80 percent of Zcash (ZEC) issuance to miners.

Hitting an intraday low of $55.04 USD on Monday, the price of ZEC spiked to $66.15 USD following the announcement, representing 20% increase through the course of the day. The price has since retraced to $65.20 USD. Read More...