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Privacy coins gain upward momentum as Zcash rallies.
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Zcash is heavily protected from adversarial regulations targeting private transactions.
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Zcash is currently making higher lows, an indicator that the bulls are firmly in control.
zcash (Jak), like other privacy coins, has been making a splash over the past 24 hours. Going to press, Zcash was up 10%.
Zcash is one of the most powerful privacy tokens, thanks to its use of zero-knowledge proof technology. Zk-SNARKs are a type of proof that can be used to show ownership without revealing information. One side uses it as evidence, and the other side believes them because they have zero-knowledge concise non-interactive reasoning knowledge of what is being proved.
Essentially when using Zcash, one cannot trace transactions through the blockchain. However, unlike Monero, Zcash has a feature that allows users to conduct non-private transactions. This feature puts Zcash at less risk of downside regulations compared to other privacy coins.
Zcash protected from upcoming US regulations
Crypto regulations are coming to the US, and one of the issues they want to address is the use of cryptocurrencies for illegal activities. This means that cryptocurrencies that can be used to shield transactions may face sanctions in the US.
Zcash is one of them which is quite secure as it is designed for both private and non-private transactions. This means that even if regulations trigger a privacy coin listing, as happened in Japan some time ago, Zcash may be safe.
Zcash continues to make higher lows.
Source: TradingView
Like other privacy coins, Zcash has seen a rapid growth over the past 24 hours. However, unlike the rest which is already showing weakness, Zcash is still strongly bullish. Zcash has been making lower highs over the past 12 hours as it continues to trade in a bullish channel. If the current trend continues, Zcash could test $150 in the near term.
Summary
Zcash is rallying alongside other privacy tokens. If regulations in the US target private crypto transactions then Zcash has an advantage over other privacy coins. This is because it also allows non-private transactions.