Zcash (ZEC) has significantly outperformed the broader cryptocurrency market, registering a 12.1% increase in the past 24 hours. Over the past week, ZEC has surged by 93.3%, and it has skyrocketed by 622.2% since October 2024. This impressive performance is attributed to growing institutional interest and backing from Helium Labs CEO Melt Mumtaz. Despite these gains, Zcash remains over 90% below its all-time high from 2016. Analysts caution that ZEC may face a near-term correction, especially as Bitcoin (BTC) continues to show weakness in the market.