A cryptocurrency is witnessing a crazy increase of 1,500%!! A heated debate has erupted between the Bitcoin and Zcash communities due to the remarkable rise of the privacy cryptocurrency ZEC, which has regained momentum strongly after surpassing the price level of $700. The CEO of Bitwise Investment, Hunter Horsley, sparked a wide wave of comments after he posted on platform X stating that those who insist that only Bitcoin represents the secure cryptocurrency, while all other projects are mere scams, will find themselves unable to explain what is happening with Zcash. The response was quick from BitPay, who based their comments on the enormous price leap of Zcash, which has increased by more than 1500% since October, stating that this rise appears to be nothing but a coordinated 'pump and dump' linked to venture capital, considering that describing it as a scam remains — in his opinion — an appropriate and accurate description. In contrast, Mert Mumtaz, CEO of Helius, a provider of remote procedure call (RPC) node services and one of the prominent supporters of Zcash, affirmed his support for what Horsley said, pointing out that the Bitcoin community's criticisms of privacy coins are merely conspiracy theories that lack logical basis. Don't let the ongoing debate about privacy coins miss you on promising investment opportunities. Investing Pro, now available in Arabic, offers you the most powerful tool at a discount of up to 55%, where you can analyze technical data of cryptocurrencies and track major wallet movements through WarrenAI, allowing you to make informed investment decisions amid the exceptional rise of ZEC and its surpassing the $700 barrier.
