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Zcash Surges on Nostalgia for Crypto’s Early Days

Zcash Surges on Nostalgia for Crypto’s Early Days

Investors seem to be pining for 2013, and not because they want to put on a peplum top, scarf a cronut and blast Lorde’s debut hit “Royals.” Instead, they’re boosting a cryptocurrency based on bitcoin but tweaked with the idea that bitcoin has strayed from its original intent. 

Zcash zoomed ahead 55% over the month to Friday and nearly 1,200% over the past year, per CoinMarketCap. Crypto enthusiasts could be tired of poking bitcoin with a stick and saying, “Do something,” as the coin hovers around $80,000. Meanwhile, bitcoin’s mainstream-ization has investors looking to Zcash as an alternative they think might stay truer to crypto’s privacy promise.

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