DASH Price Forecast: Zcash Falling As Developers Quit – Will Traders Flee Directly?


Last week, more than 25 members of the main development team behind Zcash resigned, leading to a major change in the cryptocurrency’s privacy policy.

As confidence in Zcash waned, attention turned to other things, and Dash emerged as a major contender.

This change has led to an increase in trading volume, supporting the positive sentiment of the Dash coin’s value as more and more investors look for privacy-oriented projects in a steady and fast manner.

Josh Swiart, former CEO of the Electric Coin Company (ECC), said the resignation stemmed from ongoing conflicts with Bootstrap, the non-profit organization that oversees the group’s operations.

Swiart emphasized that there was a “complete incompatibility” between Bootstrap and ECC that prevented the team from doing their work.

The news caused the value of the ZEC currency to fall sharply. At the time of writing this report, its losses over seven days reached 17%.

In contrast, DASH gained 74% during the same period, as the market seems to have turned to this token and Monero (XMR) in response.

Zcash was among the top performing assets last year, gaining 827%. If this same buying interest were to switch to DASH, this could push its price to levels not seen in years in the next few weeks.

Dash Price Forecast: Dash eyes $250 after bullish breakout

DASH trading volume has doubled in just the last 24 hours, representing 130% of the trading volume of $1.2 billion.

Source: TradingView
Source: TradingView

This indicates that buying pressure has increased significantly, creating a “temporary squeeze” that may continue in the coming days.

The daily chart shows that DASH has risen for three days in a row and broke the most critical level at $58 with strong trading volumes.

This sets the stage for an explosion, with targets of $125 and $250, giving more than 233% power in the coming weeks.

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A note DASH Price Forecast: Zcash Falling As Developers Quit – Will Traders Flee Directly? appeared for the first time Cryptonews Arabic.





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