Zcash (ZEC) Up 1,000% and Still Has Room to Grow, Grayscale Research Says
- —ZEC rallied from ~$60 to ~$1,700 in a year, then pulled back to $1,400
- —ZEC's share of BTC market cap rose from 0.1% to 1.5%
- —A whale accumulated ~22,960 ZEC worth $31.7M across multiple wallets
- —Zcash ETFs saw a record single-day outflow of $8.12M
Why it matters: ZEC's growing market share and institutional interest in privacy could boost demand for privacy-focused blockchains, though ETF outflows signal near-term pressure.
Source: CryptoPotato