Zcash Stays Undervalued, Grayscale Says

Grayscale has been bullish on Zcash, saying it's still undervalued. The privacy-focused cryptocurrency has seen its price rise about 19 times over the past year but remains under 1% of Bitcoin's market value.

The digital asset management company believes that financial privacy, network security development, and cross-chain connectivity capabilities could drive Zcash's market share further.

Zcash is currently priced at $840.53, while its market capitalization stands at $137.4 billion, accounting for about 0.88% of Bitcoin's market cap.