Zcash has skyrocketed while Bitcoin stumbles, pushing privacy coins to the top of every crypto sector ranking. But the real question is whether this surge reflects a genuine market rotation or one coin distorting the entire picture.
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Zcash (CRYPTO:ZEC) is trading at $1,505, up 4.5% in the last 24 hours and up 164% since its close at $569 on August 20. With a market cap of $25.5 billion, it ranks ninth among all cryptocurrencies.
In contrast, Bitcoin (CRYPTO:BTC) rose 16%, moving from $73,012 to $84,702 over the same period. According to Glassnode, privacy coins have led all ten crypto sectors…
