Zcash (ZEC), an early privacy-focused cryptocurrency, is facing potential delisting from Binance. This move has sparked significant community backlash and renewed discussions about the role of privacy in cryptocurrencies.
Delisting Risk and Community Reaction
Zcash has been included in Binance's second 'Vote to Delist' program, which has triggered strong criticism from the community. Many have voiced the importance of privacy technologies in the crypto industry. Experts such as Gemini Co-Founder Tyler Winklevoss emphasized the unjust nature of Zcash's inclusion in the voting.
Experts' Opinions on Privacy in Cryptocurrencies
Experts, including crypto advocate Zooko, reiterated the importance of privacy in cryptocurrencies. Zooko claims that Zcash serves as a crucial privacy technology that protects human rights and is critical for the industry overall. Winklevoss stated: > 'Zcash is privacy technology that protects human rights. I hope [@binance](https://twitter.com/binance) does not delist it.'
Current Zcash Metrics and Potential Consequences
Despite active development, Zcash is under pressure as privacy coins lose favor among exchanges. Current metrics, such as bearish RSI and MACD, suggest that ZEC may struggle if the $30 support level fails to hold. Binance's decision on delisting Zcash will depend on internal checks, such as liquidity and development activity.
The situation surrounding Zcash highlights the importance of discussing privacy in the cryptocurrency space. Whatever decision Binance makes, it may have a significant impact on the future of privacy technologies within the industry.
