Zcash вырывается вперед: новая эра анонимности в криптовалютах Zcash Leads the Way: A New Era of Privacy in Cryptocurrencies

The market capitalization of Zcash has surpassed $6.2 billion, placing it ahead of the long-standing frontrunner in the anonymous cryptocurrency sector, Monero, which is valued at $5.9 billion.

Interestingly, as recently as September, ZEC’s market cap was approximately $800 million.

In the past day, the asset’s price rose by 7%, while over the week it increased by 49%, and more than 91% in the last month. As of this writing, Zcash trades around $387, a level not seen since 2018.

In contrast, XMR has shown more modest performance. In the last 24 hours, its price fell by 2.3%, though it has risen by 8.8% over the past 30 days. Currently, the coin is priced at $323.

One of the initial catalysts for this rally was the launch of the Zcash Trust by Grayscale. The demand for the asset may have also been fueled by legislative initiatives that threaten user privacy.

Matt Henderson, a former product manager at Near Protocol, believes that the growing recognition of the project’s reliability and technological maturity has positively impacted the cryptocurrency’s dynamics.

Even some Bitcoin maximalists refer to Zcash as a «superior version» of the original cryptocurrency, suggesting that the anonymous coin is now finally ready for mass adoption.

«Initially, the project offered cutting-edge privacy technologies, but the team had to adjust them for everyday use cases. Until recently, conducting secure transactions in mobile wallets was technically unfeasible due to high computational demands. This has changed with the introduction of Zashi and Edge wallets,» noted one user.

Another factor driving the increase is the rising liquidity, highlighted Henderson. Previously, the volume of secure transactions in the private token reached a record 4.9 million ZEC. Helius CEO Kab Mert Mumtaz described this trend as «one of the craziest in cryptocurrency history.»

Zcash has received backing from numerous prominent figures in the crypto industry.

Mumtaz believes the private coin will surpass XRP in market capitalization.

In the long run, former BitMEX CEO Arthur Hayes anticipates Zcash could rally to $10,000, and in the short term, reach $400.

According to researcher known as Cal, for ZEC’s upward trend to continue, Bitcoin needs to rise. If the first cryptocurrency resumes its upward movement, Zcash may hit $1,000 by the end of the fourth quarter.

Some users point out that «buying ZEC at $380 is like buying Bitcoin» at the same price, indicating market participants’ confidence in the coin’s potential.

«Every holder of the first cryptocurrency will look like a genius by 2030 if they invest at least 1% of their portfolio in ZEC today,» pointed out the short-lived nature of the current ZEC dynamics.

Remember, on October 28, the Zcash project celebrated its ninth anniversary.