Zcash (ZEC) Price Dips Below $1,000 as Grayscale Launches Wall Street Journal Ad Campaign

TLDR ZEC touched a low of $999.57 on Nov. 10, its weakest level since early September. Grayscale pledged $1 million to Zcash groups and has awarded $400,000 so far. The company will reinvest 100% of ZCSH sponsor fees into the network for up to a year. ZCSH shares fell about 12% to $27.25, with more than $15 million in November outflows. Analyst Daan Crypto Trades said ZEC needs a daily close above $1,045. Zcash (ZEC) dropped to a low of $999.57 on Nov. 10, its weakest level since early September. The privacy coin later traded between $1,025 and $1,033, down about 12% to 13% on the day. The move came on the same day Grayscale launched a national campaign for its Zcash ETF.

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