Zcash (ZEC), the Swiss Bank Account of Cryptos, Spikes to Six-Month High
The privacy-focused Zcash (ZEC) extended its bullish breakout on Thursday, as a combination of market momentum and positive news headlines helped the lagging cryptocurrency surge to new yearly highs. ZEC: $100 in the Cards For the first time since November, Zcash is making a big push toward the psychological $100 level and a breakout appears highly likely in the near term. The cryptocurrency peaked at $99.68 on Poloniex, marking a new high for 2019. ZEC last traded at these heights in mid-November prior to the bitcoin cash-induced selloff. At press time, the ZEC/USD exchange rate was valued at $93.79, where it was up 9.8% during the session. Zcash (ZEC/USD) is trekking sharply higher after breaking the 200-day moving average. | Source: TradingView. Zcash is in the midst of a bullish breakout that began just over two weeks ago after the price overcame the 200-day moving average. The latest rally puts ZEC into overbought territory, according to th...