Zcash Gains 1,000% in Two Months, Surpasses Monero and Shiba Inu
Zcash (ZEC) is experiencing a significant price surge, now trading at $383, ten times higher than its price on August 19, and achieving a year-over-year gain of 933% from $38.43 on October 31, 2024.
- ZEC's market cap increased from rank 84 to 21, surpassing Shiba Inu and Monero.
- Current market cap stands at $6.24 billion, marking an all-time high despite lower coin supply in the past.
- The "flippening" event saw ZEC surpass Monero with a $6.03 billion market cap versus XMR's $5.95 billion.
- On January 12, 2018, ZEC's market cap was $2.14 billion at $703.75 per coin; in 2021, it peaked at $3.74 billion.
Zcash's rally began gaining traction when covered by Coinspeaker on September 25, trading at $56.29 and ranked 84th. Now, it's poised to challenge Litecoin (#LTC), currently 20th with a $7.17 billion market cap.