Zcash (ZEC) Rallied Hard This Year, But Is the Party Finally Over?

ZEC has been one of the best-performing assets this year. The privacy-centric coin briefly neared $1,700 in September before suffering a pullback, which has prompted market commentators to speculate about the risk of a deeper price correction. CryptoPatel, for one, believes the token may have formed a major top, and the “party might be over.” Rally Under Pressure ZEC has lost more than 20% over the past month alone despite some of the major ecosystem developments. On the institutional side of things, Grayscale’s ZEC ETF saw $41.09 million in inflows last week, and ended a three-week stretch of outflows. The week didn’t get off to a great start, as $10.45 million left on Monday. But sentiment picked up the following day, bringing in $1.61 million.

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