Zcash Jumps 12% Ahead of NU7 Activation

Zcash spiked about twelve percent in a day, pushing its price up to roughly $1,270. Developers locked in the NU7 upgrade for block 3,543,405, targeting a November 5 mainnet launch. The upgrade will slash block times from seventy‑five to twenty‑five seconds, tripling transaction speed. Yet the team still needs to finish Zebra node sync work, a hiccup not yet quantified. Zcash’s year‑to‑date gain sits above one‑hundred‑forty‑eight percent, outpacing most crypto peers. Open‑interest rose twenty‑four percent, showing fresh leverage despite a modest price rise. CoinGecko listed ZEC at $1,270, while other feeds showed about $1,260, a tiny spread. The Zcash Foundation reports six of twelve NU7 tasks completed, leaving node sync as the last hurdle. “We’re on track for Nov 5,” developer Sean Bowe confirmed in the ZIP editor meeting.