Zcash Turmoil Pushes Traders Toward Monero
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Monero’s rally stood in sharp contrast to the chaos surrounding its privacy-focused rival, Zcash. The project faced a leadership crisis after the team at Electric Coin Company resigned en masse, citing internal disputes and governance breakdowns.
The fallout rattled investor confidence, sending ZEC down more than 20% within days and dragging prices toward weekly lows. As uncertainty engulfed Zcash’s future, traders increasingly viewed Monero as the more stable and reliable privacy-focused alternative.