Breaks Into Top-20 Cryptos, Hits $600 for First Time Since 2018
Zcash has surged back into crypto’s top 20 largest tokens by market capitalization, trading above $600 for the first time in nearly seven years.
The privacy-focused token has gained more than 1,270% year-over-year, according to CoinGecko data, pushing its market capitalization to just under $10 billion.
The rally coincides with renewed attention on privacy infrastructure and a wave of technical upgrades from the Electric Coin Company (ECC), one of the network’s developers and maintaining firms.
The rising popularity of the Zashi wallet, combined with forthcoming developments under Project Tachyon, has reignited both user activity and investor confidence, as CoinDesk Research noted in its Zcash report.
Daily trading volume has…
