Zcash price jumps to $56.75, marking its highest level since January and a 125% increase from its lowest point this year. The rise is attributed to a spike in total shielded value in the Zcash network and an increased social dominance score. The surge in demand for privacy coins following the resolution of Tornado Cash’s legal issues also contributes to the rally. Technical analysis indicates a potentially continuing upward trend for Zcash.
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