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Why bitcoin traders are suddenly obsessed with a forgotten crypto

Why bitcoin traders are suddenly obsessed with a forgotten crypto

  • Zcash, a cryptocurrency launched a decade ago, is suddenly surging in popularity.

  • Crypto pros say investors are drawn to the token due to its emphasis on privacy.

  • Interest has been rising for months, ever since a post on X described Zcash as “insurance against Bitcoin.”

A decade-old digital token is suddenly all the rage in crypto circles.

ZEC, a token launched in 2016 using the Zcash blockchain protocol, has seen its price surge 50% in a month, even as bitcoin struggles to break out of its slump. The apex crypto is up about 6% in the same time.

The token is relatively unknown outside of some prominent early adopters, who prized the crypto for its emphasis on privacy. It received little attention for years before unexpectedly surging late in…

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