Why is Zcash Price Up 16% Today as Wider Crypto Market Drops? — TradingView News

Zcash ZECUSDT has continued to outperform the wider crypto market. The top-tier privacy-centric altcoin rallied over 16% in the past 24 hours to trade at about $574 on Friday, November 14, during the late North American session.

Meanwhile, Bitcoin (BTC) led the wider altcoin industry in selloff, thus the total crypto market cap dropped 2.3% during the past 24 hours to hover around $3.22 trillion at press time. ZEC price rallied against all odds as crypto traders depicted extreme fear of further capitulation.

Why is the Zcash Price Outperforming the Wider Crypto Market?

High demand for privacy-centric tokens by whale investors 

The demand for ZEC by institutional investors has significantly surged in the recent past. Earlier this week, a16z…

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