Guavy AI Editorial TeamSentiment: 2.3Clout: 82

Zcash Price Surges 5% Following Forbes Ranking

Zcash (ZEC) has seen its price jump about 5% to trade near $531 following Forbes' ranking of top cryptocurrencies. This boost in sentiment reflects an ongoing recovery, with resistance expected between $540 and $547.

The key support lies at $500, below which the price could drop to $478. Despite recent gains, concerns linger from a June security flaw in Zcash's Orchard protocol, though no exploitation has been proven.