Zcash Tests Key Support as Monero Gains on Large Purchase Activity

The post Zcash Tests Key Support as Monero Gains on Large Purchase Activity appeared first on Coinpedia Fintech News

Zcash fell 5% over the past 24 hours and 16% during the week, trading near $506 as it tested support around its 200-day moving average. The decline follows a rally of more than 100% last month that pushed the privacy-focused cryptocurrency close to $650. Meanwhile, Monero rose nearly 15% after a reported $23 million purchase …