Zcash (ZEC) has experienced a significant 92% increase over the past year, reaching a price of $56, amid rising interest in privacy-focused cryptocurrencies. The surge is attributed to endorsements from industry leaders like Helius CEO Mert and Cake Wallet's Vik Sharma, who emphasize Zcash's robust privacy features.
The cryptocurrency's adoption is further supported by cross-chain integration with NEAR and recent wallet upgrades. Meanwhile, competitor Monero is facing network instability, which may be contributing to Zcash's appeal. Analysts indicate that surpassing the $61 resistance level could solidify Zcash's position as a key asset for investors prioritizing financial privacy.
Zcash Rallies 92% as Privacy Coin Demand Grows
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