Crypto
ZEC Surges Past $1,200 as Market Cap Hits $20 Billion
Zcash's market capitalization has surpassed $20 billion after a meteoric 370% surge in just three months, making it bigger than HYPE and DOGE.
The token's price had dropped by 60% to around $260 following the disclosure of a vulnerability in its Orchard privacy pool, but it stabilized at around $500 before beginning a significant upward trend on August 19.
Zcash's market cap now exceeds $20 billion after its recent surge, with the token briefly exceeding $1,200 earlier today for the first time in almost 10 years.