ZEC's move is partly market-wide, with a residual that does not identify a cause. ZEC rose further than this on 2 of the past 29 days. 3 ZEC reports are on the timeline below: 1 published before the largest hourly move and 2 during or after it. Timing alone does not show what caused the move.
What may have driven the move
A proposed change to Zcash’s newly issued coin funding is a possible project-specific catalyst. A broader crypto-market advance may also have helped, but neither link to the move is established.
May have started the movePossible
On Oct 27, 06:14 UTC, a report described a proposal to redirect Zcash’s share of newly issued coins to a reserve for future miners. This could have improved sentiment about how issuance is used and helped support buying.
Zcash co-founder Sean Bowe published a draft proposal to end automatic funding for the network's community grants program, according to CoinDesk, which reported that the redirect would send the committee's remaining 8% share of newly…
Euronext suspended CoinShares' Zcash ETP before its debut, a Euronext spokesperson told Cointelegraph, citing "operational settlement requirements." The halt remains in place until settlement operations are supported by the CSD, the…
Report summaries say what each report stated; none is presented as the cause of the price move.