Zcash recovers to pre-crash highs following crypto market meltdown
ZEC recovered all its value lost during Friday’s market meltdown and also hit a recent high of $291 before dipping to the $270 level.
The price of Zcash (ZEC), a supply-capped, shielded, layer-1 coin dedicated to user privacy, fully recovered following Friday’s market crash, forming a new recent high of about $291 on Saturday before retracing to about $273 at the time of this writing.
Zcash plummeted by 45% on Friday, falling from a high of about $273 to $150, following a social media post from United States President Donald Trump announcing 100% tariffs on China, which sent the crypto markets into a meltdown.
ZEC is only down about 5.5% from its recent high, making it a standout in this market crash. Many cryptos are still down by double digits from their recent highs, including Ether (ETH), which is down by about 22% from its recent and all-time high of $4,957.
