ZEC
The cryptocurrency market showed signs of recovery this week, buoyed by softer U.S. inflation data at 2.4 percent and a robust labor market, which raised expectations for Federal Reserve interest rate cuts. While major coins like Bitcoin and Ethereum remained subdued, smaller altcoins dominated with significant gains. However, some tokens faced sharp declines amid shifting investor sentiment.
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Analysts predict XRP could see a significant price rise akin to Zcash's recent surge. Structural similarities in price patterns suggest a conservative target of $8 to $10. This outlook draws from ZEC's 60% weekly and 75% monthly gains.