This week, Zcash (ZEC) plummeted nearly 26%, falling from $432 to $378, due to the collective resignation of its core development team Electric Coin Company. Its market capitalization shrank by over $2 billion, down to $6.2 billion. Similarly, Cardano's Midnight (NIGHT) also dropped 26%, with a trading price of approximately $0.068. In comparison, Monero (XMR) increased by 8.3%, with a trading price of $464, re-entering the top 25 cryptocurrencies.
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This week, Zcash (ZEC) plummeted nearly 26%, falling from $432 to $378, due to the collective resignation of its core development team Electric Coin Company. Its market capitalization shrank by over $2 billion, down to $6.2 billion. Similarly, Cardano's Midnight (NIGHT) also dropped 26%, with a trading price of approximately $0.068. In comparison, Monero (XMR) increased by 8.3%, with a trading price of $464, re-entering the top 25 cryptocurrencies.