Zcash has surged nearly 9% in the past 24 hours, with market sentiment improving as traders on Myriad see a 40% chance of the coin reaching $550. Despite recent gains, Zcash remains down over 26% month-over-month following executive resignations at Electric Coin Company tied to a management dispute. The privacy coin also benefited from the SEC closing its probe without enforcement, while other privacy coins like Verge, DASH, and Monero saw positive gains.

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