Zcash (ZEC) Hits New 10-Year High Amid Massive Rally

Zcash (ZEC) has reached a new 10-year peak, surging over 2,500% in the past year and briefly touching $1,400. Analysts attribute the momentum to a recent governance vote reducing block-target spacing to 25 seconds, which aims to improve transaction speeds. While some market observers expect further gains toward $2,000, the rally has caused significant liquidations for traders holding short positions, including one participant facing a paper loss of over $26 million. Despite the bullish sentiment, some indicators suggest a potential correction may be ahead.