Technical Analysis:
ZECUSDT is retracing back to its daily order block which can act as support. We can look for MSS on 1H or 4H time frame and with the good displacement in price to the upside.
Fundamentals:
The founder of privacy coin Zcash, Zooko Wilcox, is looking to accelerate the protocol’s upgrade to a hybrid proof-of-stake (PoS) system after joining Shielded Labs.
In a blog post on Aug. 10, Wilcox, Zcash founder and now new head of product at Shielded Labs, said that after eight years of using proof-of-work (PoW) mining, the privacy currency needs to be upgraded to a hybrid PoS system.
He noted that PoW consensus and the creation of new ZEC ZECUSD coins had put downward pressure on its price, “but this is expected to ease as the rate of new coin creation reduces.”
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