Zcash Nears Top-10 Ranking as Market Capitalization Gap Closes

After its rapid surge propelled Zcash into the top 10 of the cryptocurrency market, it's now poised to reach another significant milestone. According to current market capitalization, Zcash is almost exactly behind Hyperliquid, with a tiny difference between the two assets.

The market capitalization gap between Hyperliquid and Zcash is less than 3%, or roughly $570 million, which is the amount needed for ZEC to surpass HYPE if its capitalization stays the same. Currently, Hyperliquid's market capitalization is $19.87 billion, while ZEC's is around $19.3 billion.

Zcash trades at about $1,144, with a 24-hour trading volume of over $1.07 billion. Over the past seven days, the token has increased by about 1.15%, whereas Hyperliquid has decreased by more than 6%.