Zcash поднимается на вершину: опережает Monero по рыночной капитализации впервые за годы Zcash rises to the top: surpasses Monero in market capitalization for the first time in years

The market capitalization of Zcash has surpassed $6.2 billion, placing it ahead of the longstanding leader in the anonymous cryptocurrency sector, Monero, which has a market value of approximately $5.9 billion.

Interestingly, just in September, ZEC’s capitalization was around $800 million.

Over the past 24 hours, the asset’s price has increased by 7%, with gains of 49% over the week and more than 91% for the month. At the time of writing, Zcash is trading at about $387—its highest point since 2018.

XMR has shown more modest results, declining by 2.3% in the last day while increasing by 8.8% over the past 30 days. As of this writing, the coin’s price stands at $323.

One of the initial catalysts for this rally was the launch of the Zcash Trust by Grayscale, which potentially boosted demand for the asset. Legislative initiatives threatening user privacy may have also played a role.

Matt Henderson, a former product manager at Near Protocol, believes that the acknowledgment of the project’s reliability and technological maturity has positively impacted the cryptocurrency’s momentum.

Even some Bitcoin maximalists refer to Zcash as an «enhanced version» of the first cryptocurrency, noting that the anonymous coin is now finally ready for widespread use.

«Initially, the project provided cutting-edge privacy technologies, but the team later had to adapt them for everyday use cases. Until recently, it was technically impossible to conduct secure transactions in mobile wallets due to high computational requirements. This situation has changed with the introduction of Zashi and Edge wallets,» remarked a user.

Another factor contributing to the rise is the increasing liquidity, emphasized Henderson. Previously, the volume of secure transactions in the private token hit a record 4.9 million ZEC. Helius Kab CEO Mert Mumtaz described the dynamics as «one of the most insane in cryptocurrency history.»

Zcash has garnered support from many well-known figures in the crypto industry.

Mumtaz believes the private coin will surpass XRP in capitalization.

In the long term, former BitMEX CEO Arthur Hayes predicts a Zcash rally to $10,000, while in the short term, to $400.

According to researcher known as Cal, for ZEC’s upward momentum to continue, Bitcoin needs to rise. If the first cryptocurrency resumes its upward trajectory, Zcash could reach $1,000 by the end of the fourth quarter.

Some users note that «buying ZEC at $380 is like buying Bitcoin» at the same price, indicating market participants’ confidence in the coin’s potential.

«Every holder of the first cryptocurrency will look like a genius by 2030 if they invest even 1% of their portfolio in ZEC today,» pointed out the short-lived nature of ZEC’s current dynamics.

It’s worth noting that the Zcash project celebrated its ninth anniversary on October 28.