Zcash (ZEC) saw significant gains in the past 24 hours, rising about 20% to briefly reach $1,023. This surge pushed its market capitalization to around $16.96 billion.
As a result, ZEC has entered the top 10 cryptocurrencies by market cap. The token's price increase is part of a larger trend, having gained approximately 94% over the past 30 days and more than 2,300% in the past year.
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