Zcash rallies 12% as developers finalize NU7 activation height

Zcash extended triple-digit year-to-date gains as developers agreed on the NU7 mainnet activation height, targeting Nov. 5, with node synchronization work still pending.

Zcash (ZEC) surged about 12% over the past 24 hours, as developers agreed on a mainnet activation block for the network’s NU7 upgrade, expected in early November.

The token traded around $1,270 at last look on Wednesday, according to CoinGecko. The rally coincided with a Tuesday GitHub proposal by Zcash developer Sean Bowe setting the activation at block 3,543,405, expected around Nov. 5.

The value of the privacy-focused cryptocurrency that uses advanced trustless zero-knowledge proofs is up more than 148% year to date.

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