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Crypto

Zcash Surges Past $1,200 Amid Institutional Demand

Guavy AI Editorial Team
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ZEC AGI
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Zcash surged past $1,200 on Sunday, delivering a weekly gain of over 45% for the privacy coin. The price action saw ZEC's market capitalization hit $20.44 billion, displacing HYPE as ninth-largest by market cap.

The launch of Grayscale's Zcash ETF (ZCSH) is expected to sustain high institutional demand for the privacy coin. This comes after regulatory pressure forced several centralized exchanges to delist ZEC, choking off exposure for mainstream investors.

Supporters believe ZEC is also riding high on so-called privacy primitives. One independent analyst notes that the move is part of a larger structural trade: front-running the expansion of artificial general intelligence (AGI).

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