Zcash (ZEC) Primed For Breakout: Will It Reach $50 This Month?

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Zcash (ZEC) is driving the upward bullish trend and gained significant momentum. This led to a rise of over 30% in the last three trading sessions for the ZEC price.
MetaMask plans to donate $150k for the development of MetaMask Snap, this could have led to the short-term price increase. This would support the Shielded ZEC feature.
One of the Zcash community members suggested spending $150,000 to develop the expanded Zcash ecosystem. Community members are also hopeful of a browser-enabled library with basic functions for web purses and plug-ins to browsers.
Fueled by the significant development in the ecosystem, the token has revived from the 200-day EMA mark. ZEC could be eyeing a significant breakout ahead.
Since the beginning of 2024, ZEC token was trading inside a consolidation phase and hovered in a range. However, the token has reached the uppermost cluster of the range near the $35 mark and bulls are eyeing to escape the range.
Notably, the upward bullish movemen

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We współpracy z: https://www.thecoinrepublic.com/2024/08/07/zcash-zec-primed-for-breakout-will-it-reach-50-this-month/

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