Zcash Drops to $550 as Traders Defend 33% Weekly Surge and Eye Another Run
On May 11, zcash ($ZEC) fell to $550 after a sharp rally, but the privacy coin remains up 33% in seven days as renewed interest and controversy fuel debate over its future. Key Takeaways:Zcash ($ZEC) retreated to $550 on May 11 after a surge, maintaining its spot as the top privacy coin.Despite a 7% daily dip, $ZEC is up 33% over 7 days following a $25M funding boost from firms like a16z.Proponents eye a parabolic rally for $ZEC in 2026, though critics warn about shielded pool liquidity. Zcash Pulls Back After Sharp Rally Privacy coin zcash ($ZEC) plunged to $550 on Monday, even as renewed chatter about privacy in the crypto world continued to boost interest in the token. Market data shows that after peaking just below $640 on May 9, $ZEC retreated to $550 by 11 a.m. EST on May 11 before recovering slightly to $555. However, despite the nearly 7% decline over 24 hours, the reversal did not erase most of the gains $ZEC made since May 4, when the privacy coin initially surged from below $420 to $600 in less than 24 hours. Although it slipped below the $550 threshold a day later, $ZEC largely held above that level until now,