Crypto
Zcash Price Soars Past $1,254, Can It Reach $2,200 by 2026?
The Zcash price has surged thousands of percent over the past year and reached a multi-year high near $1,254. The token's market capitalization is now around $20 billion.
This extraordinary performance has changed the way traders view ZEC. Instead of asking if it can recover from a long decline, they're now wondering if it can continue climbing after its explosive move.
The rally has been supported by several factors, including institutional buying following the approval of the Grayscale Zcash ETF on NYSE Arca and short-squeeze activity that added another layer of buying pressure.