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The first Zcash Halving is approaching, and the network upgrade is imminent. ZEC has temporarily risen above $60.
Zcash is about to welcome its first supply Halving, which is expected to occur at Block Height 1,046,400. At that time, the Block Reward will decrease from the current 6.25 ZEC to 3.125 ZEC.
Meanwhile, the Zcash development team recently announced plans to launch the Canopy network upgrade on November 18. One important goal of this upgrade is to establish a new development fund to promote the project's progression towards a more decentralized direction.
These significant news seem to have a positive impact on the market. The price of ZEC tokens saw a brief increase of 5.94%, temporarily breaking the $60 mark.
These changes mark an important milestone for the Zcash ecosystem and are expected to bring new momentum for its future development. The Halving may affect token supply dynamics, while the network upgrade aims to optimize the governance structure. As these events approach, the market's attention on ZEC may further increase.