ZCash Breaks 8-Year Downtrend – What’s Driving ZEC’s 73% Surge?
ZCash has delivered a breakout performance this week, surprising the crypto market with robust price action and investor interest. Over the past month, the ZEC price has soared by over 73%, driven by a combination of technical, product, and sector-wide factors.
Talking about numbers, the coin’s daily volume sits at $215.77 million, taking its market cap to $1.12 billion. It is worth noting that this rally is not just another speculative run but signals deep changes in ZEC’s narrative, positioning, and adoption profile.Top Reasons Behind ZCash’s Price SurgeRecent product developments have added substance to this rally. The launch of Zashi CrossPay on September 16 enabled shielded ZEC transfers across 20+ blockchains. Plus, ZEC’s market cap ranking improved, and adoption metrics for shielded transactions in Q4 are worth monitoring closely.
The broader privacy coin sector is also trending...