Zcash Sees Room for Growth Despite 19-Fold Price Surge

Zcash has experienced an impressive 19-fold price increase over the past year, but Grayscale believes it may have further room to grow.

The asset manager argues that Zcash's features, such as financial privacy and cybersecurity development, could support further market-share gains.

According to Grayscale, if ZEC were to capture 10% of Bitcoin's market capitalization, its price could reach $8,109.

Grayscale points out that despite Zcash's rise, it remains below 1% of Bitcoin's market cap and is still considered undervalued by the asset manager.