Zcash Soars to New Heights with Record Social Dominance
Zcash has continued its upward trend, trading near $790 after a significant rally in August. The token nearly doubled in price from around $490 to $880 earlier in the month before retreating.
According to Santiment, Zcash's social dominance rose by 183% during August, outpacing major cryptocurrencies like Bitcoin and Ethereum.
Futures market activity has intensified as traders position themselves around current price levels, with ZEC futures open interest reaching nearly $1.57 billion.