Zcash Market Cap Surpasses $20B as Price Hits Multi-Year High
Zcash has reached its highest price since 2016, surpassing $1.2 billion in value as market capitalization exceeds $20 billion.
The token's market cap has grown rapidly over the past month, with a 45% increase in one week and a 138% surge in 30 days, according to CoinGecko data.
This latest rally is largely attributed to Grayscale's Zcash ETF, which began trading on NYSE ARCA under the ticker ZCSH on August 25. The fund has supported renewed attention for the privacy-focused token, with some arguing that its unique features may become increasingly valuable in an AI-driven world.
Grayscale research suggests that the use of zero-knowledge proofs to verify shielded transactions could reduce traceability risks and increase demand for financial privacy.