Zcash price surges 20% as bulls target $1,500

Zcash price rallied more than 20% on Sep. 16, breaking above $1,300 as network upgrade optimism helped $ZEC resist a broader crypto market sell-off.

Zcash price action today

According to data from crypto.news, Zcash ($ZEC) price traded at approximately $1,337 at the time of writing, up 20.46% over the daily session. The privacy coin opened near $1,110 and reached a high of $1,385 before giving back part of the move.

The advance placed $ZEC among the strongest-performing large-cap crypto assets while Bitcoin and several major altcoins faced selling pressure following the failed CLARITY Act vote in the US Senate.

Network-specific developments helped separate $ZEC from the wider market. Zcash holders backed a proposal to reduce block times from 75 seconds to 25 seconds in the Network Upgrade 7 governance poll, according to the information provided. The proposal received 98.9% support while retaining the network’s existing halving schedule.

Plans to integrate the Ironwood shielded pool with Ledger hardware wallets also supported sentiment around the network’s privacy infrastructure.

$ZEC’s performance extended a strong recovery that began in August. The daily chart shows price accelerating from around $500 in mid-August to above $1,300, with the sharpest gains arriving after $ZEC cleared the $800 region in early September.