Zcash price [ZEC] has returned above $800 as holders consider changes that could impact the network’s speed and issuance.
ZEC traded near $826 at the time of writing after falling briefly to the $773 level. The recovery comes during a time when it’s seeing a sharp weekly rally, even as the price remains below its recent peak near $890.
Zcash coinholders weigh five NU7 questions
The NU7 coinholder poll asks eligible ZEC holders to vote on five questions concerning Zcash’s next major network upgrade.
One of the proposals is asking for the current four-year halving cycle to be replaced with a smoother reduction in new issuance. Supporters of this proposal believe that this would give miners and users greater certainty instead of cutting rewards suddenly at fixed intervals.
Coinholders are also considering whether part of the network’s transaction fees should return to future block rewards. Other questions cover retiring the old Sprout transaction system and allowing NU7 to proceed if some planned features face delays.
Another proposal would reduce Zcash’s block time from 75 seconds to 25 seconds, which means users would wait less time for transactions to appear on the network.
Cypherpunk Technologies has published its recommended positions on all five questions. The Zcash-focused treasury company strongly supports faster blocks, citing test results that it believes show the network can handle the change.
The poll is also advisory, and its result will only show what participating coinholders prefer, but it does not guarantee that every supported proposal will enter NU7.
ZEC recovers after falling below $800
ZEC’s return above $800 follows a positive move from around $500 within several trading sessions.
The rally briefly took it towards $890 before sellers stepped in, and then it dropped below $800, reaching $773 during the latest session. But buyers pushed it back to around $826.
That leaves $850–$880 as the next area to overcome, as a move beyond the recent high could bring $900 into view.
The first support sits around $780, and if that level fails, the price could return to $750, an area where buyers previously responded.
There was a lot of trading activity during the initial surge, but it has since reduced. That does not end the rally, but it suggests the latest rebound has led to less activity compared to the move that took its price to $800.
Final Summary
- Zcash holders are voting on faster blocks, issuance changes and other NU7 questions.
- ZEC recovered from a fall to $773 to around $826, leaving $850–$880 as its next test.
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