Zcash Extends Rally Into Asian Trading Day

Zcash Extends Rally Into Asian Trading Day
Zcash, one of the first privacy-focused cryptocurrencies, saw its ZEC token post gains in Asian trading as the protocol’s shift toward proof-of-stake and compliance directives won more support from market participants.Zcash cleared the $100 mark, rising as much as 6% over 24 hours and 12% so far this week, according to CoinGecko.The protocol is one of the original privacy tokens, first launching in October 2016 as a fork of Bitcoin.In November, Electric Coin Company, the team behind the project, announced that it was transitioning to Proof of Stake by 2023 and planned to release an official wallet.The market also reacted…