Zcash Rally Accelerates as $1.8B Futures Bet Meets Major NU7 Vote
- ZEC surged above $880 as ETF progress, NU7 voting and futures demand converged.
- ZEC futures open interest nearly doubled to $1.8B as leveraged trading accelerated.
- NU7 voters will weigh issuance changes, while Grayscale’s ETF awaits SEC clearance.
Zcash returned to prices last seen in 2018 after ZEC surged above $850 during its latest rally. The move followed several changes, more than one isolated catalyst. Grayscale advanced its ETF-conversion filing, NU7 voting approached, and leveraged futures activity expanded. ZEC later pulled back near $830 to $847 after gaining roughly 65% over seven days.
The rally also erased June’s security-driven sell-off after the Ironwood upgrade took effect in July.
Zcash Rally Builds Around ETF and NU7 Timelines
Grayscale’s proposed Zcash Trust conversion remains one of the rally’s most imminent market events. The asse…
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