Zcash Developers Exit ECC to Form New Company, Advancing Privacy Currency Development

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 11 2026

FORM+0.896%

ZEC+1.712%

Should l Buy FORM?

Team Split: The Zcash development team resigned from the Electric Coin Company (ECC) on January 7-8, 2026, due to disputes with the Bootstrap board, leading to a 20% initial drop in ZEC price, although the protocol and network remain operational.
New Wallet Launch: The new company, led by former ECC CEO Josh Swihart, plans to introduce a new Zcash wallet, aiming to continue the mission of building private money despite market unease over the developers' exit.
Governance Issues: This split highlights governance challenges between ECC and Bootstrap, with Swihart describing it as

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like FORM with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for FORM

Technical Sentiment Analysis for Formation Fi (FORM) As of , Formation Fi (FORM) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FORM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, FORM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Formation Fi (FORM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0769	0.135	0.185	0.243	0.293	0.351	0.401
Fibonacci	0.135	0.177	0.202	0.243	0.285	0.31	0.351

About FORM

BinaryX ($BNX) is the platform cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products & games utilizing $BNX. BinaryX began as a decentralized derivative trading system. Recognizing the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralized video games and is now fully transitioning to be a GameFi platform offering IGO services to bridge Web2 developers to Web3.Some of the services provided by BinaryX includes infrastructural support, a DAO governance system, and community building to scale promising gamefi projects and bring more innovation to the blockchain gaming sector.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

GET FREE REAL TIME NOTIFICATIONS

Stock Monitor for FORM?

Get Started Free

FREE STOCK RECOMMENDATIONS DAILY

Stock Bullish Tomorrow

Get Started Free

70% BACKTESTED ACCURACY!

Should I Buy FORM?

Get Started Free