Zcash Price Surge Attributed to Narrative Rather Than Fundamentals

Zcash has experienced an impressive surge in recent times, reaching a market capitalization of $19.48 billion after its price jumped above $1,250.

This meteoric rise has seen ZEC skyrocket more than 2,200% over the past year and 125% in just 30 days.

However, F2Pool co-founder Chun Wang is skeptical about the motivations behind this rally, attributing it to a narrative-driven story rather than genuine fundamental changes.