Zcash Price Takes a Hit After 18% Drop: Why is Privacy Coin’s Future Uncertain?

Zcash (ZEC), the privacy-focused cryptocurrency utilizing zero-knowledge proof technology, has experienced a sharp 18% correction from its recent peak of $176, now trading around $144. This price drop follows an impressive surge fueled by institutional interest and Grayscale’s Zcash Trust launch. However, the market is uncertain about whether this correction is a temporary pause or a sign of long-term challenges for the privacy coin.