Zcash vs. Bitcoin: Models Reveal Surprising Similarities
Zcash's recent price surge has brought comparisons between it and Bitcoin to the forefront. Both cryptocurrencies have a maximum supply of 21 million coins, which is often cited as a reason for their similarities. However, prominent analyst filbfilb argues that matching circulating supply alone says very little about valuation.
Filbfilb has developed a series of models aimed at better quantifying how much of Bitcoin's network value Zcash has managed to earn. He notes that simply comparing circulating supply does not provide a clear picture of a currency's overall value. Circulating supply is just one factor in determining the total value of a cryptocurrency.
In his analysis, filbfilb uses data from September 13, 2026, when ETH gas was priced at 0.06 Gwei. At this time, Zcash's price had reached close to $1,300, and Bitcoin's market capitalization stood at around $2.7 trillion.
Filbfilb's models attempt to account for other factors that contribute to a cryptocurrency's value, such as its market capitalization and trading volume. According to his analysis, Zcash has managed to earn a significant portion of Bitcoin's network value. However, it is essential to note that filbfilb's views are not universally accepted, and further research would be necessary to confirm the accuracy of these findings.