Zcash just crossed one of those price levels that forces everyone to reopen a chart they had not looked at in years.
ZEC traded above $1,000 on Friday, reaching roughly $1200 at time of publishing and pushing its market capitalization toward $17 billion. The privacy-focused cryptocurrency gained about 94% over the past month and has climbed from roughly $200 in March.
The move was not driven by one clean catalyst. ETF demand, a surge in mining activity, faster privacy tooling and a very crowded derivatives trade all hit at the same time.
English (US)