Zcash has had a great year with tech roadmap items being completed on time and its first halving. The privacy oriented community is growing and with it, the accumulators eating up the supply as the mining difficulty breaks ATHs.
ZEC is still tied to the overall crypto market & BTC's pice movements, but it will not spend much time being discounted at/below $50.
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ZEC has good support at $50, accumulators bought the dip to push the price near ~$55