Zcash Price Forecast: ZEC faces headwinds above $500 despite Ironwood adoption surge

Zcash (ZEC) hovers above $500 on Monday, extending a sideways move above its 50-day Exponential Moving Average (EMA) at $490. The privacy coin experiences a shift in shielded supply to the Ironwood pool, from the old Orchard pool amid easing retail demand in Zcash futures.