Zcash Soars 170% Amid Renewed Interest in Crypto Privacy
Zcash (ZEC) has experienced a significant price increase of approximately 160%–170% since late September, reaching the low $150s on October 2.
- The surge lacks a single catalyst but involves several contributing factors.
- Privacy themes have gained attention with Ethereum's focus on privacy-preserving technologies.
- Notable figures like Naval Ravikant and Tyler Winklevoss highlighted Zcash's potential, increasing visibility.
- Grayscale emphasized Zcash's privacy features, likening it to Bitcoin with additional privacy technology.
- Helius Labs CEO Mert Mumtaz noted upcoming technological improvements in Zcash that could enhance performance and security.
- Some traders view Zcash as undervalued compared to peers like Monero.
Currently, Zcash is trading at $142.84, reflecting its resurgence amid growing interest in privacy within the crypto space.
