Grayscale: XRP's Near-6% Bitcoin Valuation Sets a Benchmark for Zcash
- —Grayscale groups XRP, Zcash and Litecoin with bitcoin in its Currencies Crypto Sector
- —XRP's market cap is approaching 6% of bitcoin's
- —Zcash's share rose from under 0.1% to about 1.5% of bitcoin's in a year
- —Zcash accounts for roughly 62% of the privacy-coin market cap, per Glassnode
Why it matters: The comparison sets a benchmark for Zcash: if it keeps leading on privacy, its share of the category could keep growing.
Source: Cryptonews.net