ZEC (Zcash) fell 0.03% in the last 24 hours.

Gate News Bot message, on November 19, according to CoinMarketCap data, as of the time of writing, ZEC (Zcash) is currently priced at $607.95, down 0.03% in the last 24 hours, with a high of $735.77 and a low of $471.39, and a 24-hour volume of $2.141 billion. The current market capitalization is approximately $9.92 billion, a decrease of $2.7806 million from yesterday.

Important recent news about ZEC:

1️⃣ Institutional investors continue to increase their positions, long-term outlook for ZEC development is positive Nasdaq-listed company Cypherpunk Technologies Inc. has again invested $18 million to purchase 29,869.29 ZEC, with an average purchase price of $602.63. The company's total holdings of ZEC have reached 233,644.56, accounting for 1.43% of the total supply of the Zcash network. Cypherpunk focuses on privacy and self-determination, believing that Zcash is a form of digital privacy asset and a hedge against the transparency of Bitcoin. The company's goal is to eventually hold at least 5% of the total supply of ZEC, continuing to advance a Zcash-centric digital asset treasury strategy.

2️⃣ Market bullish and bearish competition intensifies, short-term volatility risk increases A trader invested 22.3 million USD to establish a ZEC short position, with current floating profits reaching 3.6 million USD. Meanwhile, another trader suffered losses of over 3 million USD due to multiple short positions being liquidated as ZEC prices rose. This reflects a significant divergence in market expectations for ZEC's future, which may face severe volatility in the short term.

3️⃣ The concentration of network node distribution may affect the degree of decentralization According to blockchain data, the current number of nodes on the Zcash network is 1,743, with 56% located in the United States, 19% in Germany, and 6% in France. The geographical distribution of nodes is relatively concentrated, which may have a certain impact on the level of decentralization of the network, making its long-term development trend worthy of attention.

From a technical perspective, the ZEC price has encountered resistance around the $700 mark and is retreating, which may lead to adjustment pressure in the short term. However, on the fundamental side, the ongoing accumulation by institutional investors provides long-term support for ZEC. Investors should closely monitor the movements of large holding addresses, changes in the contract market, and the decentralization progress of the Zcash network.

This message does not constitute investment advice, and investors should be aware of market volatility risks.