Zcash hits highest price since 2016 as market cap tops $20B
60-second summary
Zcash surges to its highest level since 2016, with ZEC climbing 45% in the past week after Grayscale’s Zcash Trust conversion into an exchange‑traded fund that launched on August 25, pushing the cryptocurrency’s market cap above $20 billion; the rally underscores growing institutional interest and could boost privacy‑coin adoption across the broader crypto market.
ZEC gained 45% over the past week, extending its rally since Grayscale converted its Zcash Trust into an ETF that began trading Aug. 25.