Stock Market
By Julie Binoche
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94% in a Month, 2,300% in a Year. Zcash is up roughly 94% over the past month and over 2,300% over the past year.
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What Zcash Actually Is, and Why It Runs Differently. Zcash launched in 2016. Cryptographer Zooko Wilcox and a team of researchers built it around a…
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Bitcoin's Week Was Complicated. Bitcoin had its own drama. ZEC's rally came as Bitcoin was also moving — BTC reclaimed $80,000…
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Zcash blew past $1,000. The privacy coin surged roughly 20% in a single day, touching an intraday high of $1,029 and leaving a trail of busted short trades in its wake.
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The numbers are pretty striking. ZEC's market capitalization climbed to approximately $17 billion, enough to push Zcash past Dogecoin and into the top ten cryptocurrencies by…
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Part of the fuel here is probably institutional. Grayscale's Zcash ETF started trading on NYSE Arca on August 25 under the ticker ZCSH, giving investors a regulated,…
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Technically, the chart looks stretched. The Relative Strength Index sits at 78.6 — that's overbought territory by conventional standards.
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If the rally does stall, traders are watching two support levels — $892.94 and $808.63. Those are the areas where buyers might step back in if ZEC pulls back from current levels.
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More context: IMF Confirms El Salvador’s Bitcoin Reserve Grows to 7,764 BTC from Private Donations
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That's a niche, but it's a real one. Privacy coins — Zcash and Monero being the most prominent — attract a specific type of user who wants that layer of confidentiality.
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The privacy angle also means ZEC doesn't always move in lockstep with Bitcoin. It can run on its own narrative, which seems to be exactly what's happening right now.
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Bitcoin had its own drama. ZEC's rally came as Bitcoin was also moving — BTC reclaimed $80,000 after Federal Reserve Governor Christopher Waller made comments that dialed back…
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But then the Bureau of Labor Statistics dropped its August jobs report: 162,000 new jobs, above estimates.
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See also: Coldcard Hacker Faces THORChain Challenges While Swapping Stolen Bitcoin for Ether
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ZEC's move happened against that backdrop, which makes it more interesting. While Bitcoin was getting whipsawed by macro data, Zcash was running on what looks like a more…
The Currency Analytics
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