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ZCash Price Surges 30% as Puell Multiple Hits All-Time High
ZCash (ZEC) has demonstrated strong performance, reaching new price highs despite a decline in the general digital asset market. Recently, ZCash entered the top 20 largest cryptocurrencies by market cap.
ZCash Puell Multiple and Hash Rate
- ZCash's Puell Multiple reached an all-time high, indicating high miner profitability.
- Significant upward movement suggests potential for further price increases.
- The ZCash Hash Rate is rapidly increasing, showing more resources are being devoted to the network.
- These metrics indicate robust network fundamentals and suggest the price growth is not merely speculative.

ZEC Price Outlook
- ZCash currently trades around $714, with a 30% increase over the past 24 hours.
- The coin has shown a 1,500% increase over the past year, marking its second-strongest annual performance.
- Projections suggest a potential rise to $1,650, indicating heightened market euphoria.
