The growing interest in privacy-focused altcoins was triggered by the strong rise in ZEC Coin price. However, after the summit, ZEC lost power and is still on the agenda with voting today. Ethereum 
$2,990.63The warning just made by Vitalik Buterin, co-founder of , has sparked discussions about the future of Zcash. So what’s going on?
Zcasch and Vitalik Buterin
Artkor shared a suggestion on November 25, saying that the structure of ZCG should not be disrupted and there should be no update here. The Zcash community is divided in two regarding management. One group says the current governance system is outdated and it is time for on-chain governance.
Vitalik Buterin said Zcash should not adopt token-based governance, arguing that token voting is flawed and could erode core values such as privacy. He showed his side. Warning that privacy becomes particularly vulnerable when left to the decisions of the “average token holder,” Buterin thinks the token vote will be worse than the current administration.
“I hope Zcashresists the downside of token voting.
Token voting is bad in every way. I think it’s worse than Zcash’s current situation. Privacy is the kind of thing that will erode over time if left to the average token holder.”
These discussions are important for the future of ZEC Coin because ZEC investors, who care about privacy, will probably turn to large protest sales in the environment where the protocol progresses in the opposite direction. In an environment where large investors leave this area, ZEC will be shaken while prices of products such as Monero, the Zcash alternative, probably increase.
ZEC Coin
It is not surprising that the current debate is driving the price down, as changing the management structure will weaken the privacy muscles in the long run. The price, based on $750, approached November 12 levels at the time of writing. at $450 ZEC Coin If it loses $379, we can say that the historical rise has been completely reversed.
Reaching its new peak on November 7 ZEC Coin Even though he tried many times this month, he could not achieve persistence above $ 700. The negativity in the general market sentiment also had an impact here, but now that we see lower bottoms and lower tops, we can talk about a clear return from the peak.
The final breakout will likely occur on the strength of an accelerated sell-off below $427. It can be an opportunity or a trap for short sellers.
