Zcash price has crashed this year, erasing most of the gains made last year as profit-taking continued and as competition fears rise.
Zcash (ZEC) token dropped to a low of $250 on Friday, down by 66% from its highest level in November last year. This crash has brought its market capitalization from nearly $12 billion to the current $4.21 billion.
The ongoing Zcash price crash aligns with the broader crypto market plunge that has affected Bitcoin and other top altcoins like Ethereum and Cardano.
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