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Zcash Surges to $700 Then Drops Over 50% in Late November Volatility
Zcash surged more than 700% from $50 to almost $700 before crashing over 50% in late November as Bitcoin fell sharply. The rally was fueled by renewed interest in zero-knowledge privacy tech, whale accumulation, a fixed 21 million coin supply, and endorsements from prominent crypto leaders. But profit-taking and a broader market downturn triggered a steep correction. Traders now watch support around $300 as volatility continues.