Zcash Tests Key Support as Monero Gains on Large Purchase Activity

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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 …