Why zcash Is Trending Today?

The Winklevoss twins, known for their involvement in the early development of Facebook, have made a significant investment in Zcash (ZEC), a privacy-focused cryptocurrency. They have backed a $58 million investment in Zcash through their venture capital firm, Winklevoss Capital. This investment is aimed at supporting the development of a treasury system for Zcash, which will help fund the cryptocurrency's ongoing development and maintenance. The twins have also launched a new company, Cypherpunk Technologies, which will manage the Zcash treasury. This move by the Winklevoss twins comes as privacy coins, including Zcash, have seen a rally in the cryptocurrency market.

Starknet, a layer-2 scaling solution for Ethereum, has seen a bullish breakout in its STRK price due to its connection with Zcash. The link between these two cryptocurrencies is sparking optimism among investors, with many seeing it as a strong reason to buy STRK. The potential integration or collaboration between Starknet and Zcash is driving this positive sentiment, as it could open up new opportunities for both projects.

Shapeshift, a popular cryptocurrency exchange, has announced it will delist several privacy coins. The move comes as regulatory pressure on the industry intensifies. The delisted coins include Monero, Zcash, and Dash, among others.