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Zcash Surges on Privacy Play, Up 1400% YTD
Description
Zcash surges as Multicoin Capital reveals massive ZEC position, driven by privacy concerns and potential government wealth taxes. Traders suffer heavy losses, with sixty-two million dollars in liquidations, while ZEC futures see a record wipeout. Analysts note a record thirty percent of ZECs supply in shielded addresses, signaling adoption over hype. If demand holds, Zcash could reach six hundred to six hundred fifty dollars, marking a shift towards true privacy plays in crypto.
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