ZEC briefly climbed to $888 on Gate data, marking its highest price since 2018 and what ChainCatcher described as an roughly eight-year high. The token was still trading near $844 at the time of the update, with weekly gains of more than 70%.
At the same time, the Zcash community is set to begin a token-holder vote on the scope of the upcoming NU7 upgrade. The vote opens on Aug. 25 and runs until 19:00 UTC on Sept. 14, lasting about 18 days. A minimum of 1 million ZEC is required for participation.
Voting power will be determined by a snapshot expected at 19:00 UTC on the 24th, around mainnet block height 3,459,350. Eligible balances include spendable, shielded ZEC held in the Ironwood pool. Voting will take place privately through supported wallets, and only aggregated results will be released.
According to Gate market data cited by ChainCatcher, ZEC briefly rose to $888, reaching its highest level since 2018 and what the report described as an roughly eight-year high. The token was still trading near $844, with weekly gains above 70%.
The move comes as the Zcash community prepares a token-holder vote on the scope of the upcoming NU7 upgrade. Voting is scheduled to begin on Aug. 25 and end at 19:00 UTC on Sept. 14, for a period of about 18 days.
NU7 vote details
The minimum participation threshold is 1 million ZEC. Voting power will be based on ZEC that is spendable, shielded, and held in the Ironwood pool at the snapshot time, which is expected at 19:00 UTC on the 24th, around mainnet block height 3,459,350.
The vote will be conducted privately through supported wallets, and only aggregated results will be published.
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