ZEC Surges 7.61% on Binance as Privacy Coin Demand and Winklevoss Donation Boost Momentum

ZECUSDT has experienced a notable price increase of 7.61% in the last 24 hours, with the current price on Binance at 379.62 USDT, opening at 352.78 USDT. The upward movement is primarily attributed to renewed interest in privacy coins, as privacy concerns in digital transactions have driven demand for Zcash. This trend is reinforced by recent positive developments, including a significant donation to Shielded Labs from the Winklevoss twins, supporting Zcash's ecosystem growth. While short liquidations totaling over $20,000 occurred near the 354.5 level, technical indicators show decreasing bearish momentum, suggesting a potential trend reversal. Despite regulatory challenges, such as India's ban on privacy coins, ZEC has shown resilience and strong trading activity, with a 24-hour volume of $87,065,498 on Binance, positioning it among the top 30 cryptocurrencies by market capitalization.