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ZEC price jumps 20% in one day as Zcash devs unveil transition to Proof-of-Stake -Breaking

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ZcashZECThe euphoria around its core protocol’s pivot from Proof-of-Work to Proof-of-Stake (PoW), helped bolster ) by almost 20% over the last 24 hours.

After rising by 27% for two consecutive days, the ZEC price hit an intraday peak at $188.80 via Binance. A large part of earlier losses suffered by the cryptocurrency this week due to a downturn across the market, was also reversed with the upside movement of ZEC.

Chart of the ZEC/USDT daily prices. TradingView
Price chart for the week. Source: TradingView
Chart of ZEC/USDT 3-day price. TradingView