Zcash Price Surges Past $1,200 as Privacy Coins Gain Traction
Zcash (ZEC) has experienced significant price fluctuations in recent days. The asset's current trading price stands at $1169.29, representing a 4.96% decline from its previous day's close.
According to the data, ZEC's highest intraday high was $329.82, while its lowest was $274.83. Over the past 24 hours, the asset's trading volume has decreased by -58.62%, resulting in a turnover of $1253.79 million.
The price surge has also led to ZEC entering the top 10 list of cryptocurrencies. This development comes as investors rotate towards privacy coins, with Dash and Monero also experiencing significant gains.
A recent forecast by Grayscale suggests that ZEC's price could reach $8,100 using a Bitcoin model. However, it is essential to note that this prediction has not been officially endorsed or validated.