The post ZEC Price Dips Double Digits appeared on BitcoinEthereumNews.com.

The last seven days in crypto has seen double digit growth in coins such as XRP, Polygon, and SUI. Meme coins have also exploded with PEPE and PENGU up 46% and 32% respectively. In stark contrast, Zcash, once touted by Van Eck CEO Jan Van Eck as an anonymous crypto with “a lot more privacy” than Bitcoin, crashed 20% yesterday, before recovering slightly today. Why has the ZEC Price Crashed? According to sources, there has been a rift between the Electric Coin Company (ECC) the company that contributed to the development of Zcash and Bootstrap, a non profit entity created to support Zcash by governing the ECC. Josh Swihart, CEO of Electric Coin Company said that “Over the past few weeks, it’s become clear that the majority of Bootstrap board members… have moved into clear misalignment with the mission of Zcash.” This resulted in the full ECC team resigning, or as Swihart put it they were “constructively discharged”. This is when employees resign due to intolerable working conditions created by the employer. Swihart said that the ECC team would now be creating a new company, and that the Zcash protocol itself is not affected in any way by the internal politics and nonprofit headaches. What is the Best Anonymous Cryptocurrency? We have seen internal governance disputes before, for example Tezos in 2017 was at the centre of a dispute between the Tezos Foundation and the project’s founders over control of funding. Similarly, we noted in our November article that Zcash “is influenced by the Electric Coin Company (ECC) and the Zcash Foundation, making it more centralized than Bitcoin and more vulnerable to organizational influence.” The clue is in the name: Electric Coin Company. As one commenter on X put it: “If one board dispute can stall the roadmap, you didn’t…

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Filed under: News - @ January 9, 2026 9:27 pm