Zcash (ZEC) is experiencing a strong bullish trend, with its price approaching the $756 mark. The privacy-focused cryptocurrency has outperformed Monero (XMR) in on-chain transaction activity, positioning itself as a hedge against Bitcoin (BTC). Since late September, ZEC has seen a significant surge, supported by favorable technical indicators and positive market sentiment. Currently, Zcash's market capitalization is $8.3 billion, and it is among the top trending tokens on CoinGecko. The increased interest in privacy coins has contributed to ZEC's upward momentum, highlighting its growing appeal in the crypto market.