Zcash Price Rally Faces Reality Check Amid Security Concerns

Zcash has seen an impressive surge in price over the past 30 days, increasing by 125% to reach $1,250. This rapid growth has pushed its market capitalization to approximately $19.48 billion.

According to F2Pool co-founder Chun Wang, several factors are contributing to this rally, including ETF demand, tight supply, and short covering.

However, the security of Zcash has been called into question due to a previously undisclosed vulnerability in Orchard, although developers have found no evidence of counterfeit ZEC.