Zcash Price Surges 92% Annually as Privacy Coin Gains Crypto Support
Zcash (ZEC), the second-largest privacy cryptocurrency, has seen its price double over the past year due to increased demand for privacy coins.
- Zcash implemented zero-knowledge proof (ZK) technology and has undergone significant improvements.
- Support from industry influencers like Mert, CEO of Helius, who emphasizes the importance of privacy in transactions.
- Other advocates include Ignas, Looposhi, Vik Sharma, and Bryan Gillespie, all highlighting Zcash's potential.
- Chris Burniske, Placeholder VC partner, anticipates a surge in demand for privacy solutions as mainstream adoption grows.
Zcash (ZEC) Price Analysis
- ZEC ranks 84th by market cap and is trading at $56.29, up 92% from last year.
- Recently peaked at $61.36 amid integration with NEAR Intents for cross-chain operations and Zashi payment solutions.
- Monero's security concerns have impacted its network, contributing to Zcash's rising demand.
Despite challenges facing competitors like Monero, Zcash continues to attract interest and investment in the privacy sector.