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Grayscale research note says Zcash market cap could expand further amid rising privacy demand

Grayscale's Head of Research reported that Zcash has surged over the past year to reach 1.5% of Bitcoin's market capitalization, projecting further growth driven by demand for privacy despite regulatory risks and volatility.

Line graph showing cryptocurrency market capitalizations as a percentage of Bitcoin's market capitalization, highlighting ZEC rising toward 1.5%.
Image: @Cointelegraph

Grayscale's Head of Research published a new note showing that Zcash's native token climbed from about $60 to roughly $1,500 over the past year, according to a report shared by Crypto Banter. Over that same timeframe, Zcash's market capitalization expanded from under 0.1% of Bitcoin's to approximately 1.5%.[1][2][3]

The research note emphasized that this level is not a ceiling, asserting that growing privacy demand will allow Zcash to secure a greater share of the digital-currency market and drive further gains, as reported by Cointelegraph. However, coverage by Crypto Briefing noted that alongside this rising demand for privacy in crypto, volatility and regulatory risks remain significant challenges for the asset.[1][2][3]

Key facts

  • Grayscale's Head of Research reported that Zcash rose from approximately $60 to roughly $1,500 over the past year.
  • Zcash's market capitalization grew from under 0.1% to roughly 1.5% of Bitcoin's over a one-year span.
  • Grayscale stated that the 1.5% level is not a ceiling and expects ongoing privacy demand to drive further market share gains for Zcash.
  • Regulatory risks and volatility remain significant challenges alongside Zcash's market cap growth.

Sources 路 3 sources

  1. CB

    Crypto Banter@crypto_banterPost on X 路

    馃毃GRAYSCALE SAYS ZCASH STILL HAS ROOM! @LowBeta, Head of Research at @Grayscale, published a new note today. zcash:native ran from about $60 to roughly $1,500 over the last year, and its market cap went from under 0.1% of Bitcoin to about 1.5%. He said that is not a ceiling. Privacy demand is still growing, and Zcash can take more share of the digital-currency market.

    Open source
  2. CO

    Cointelegraph@CointelegraphPost on X 路

    馃毃 LATEST: Grayscale says Zcash鈥檚 market cap has risen from about 0.1% to 1.5% of Bitcoin鈥檚 over the past year, and expects privacy demand to drive further gains. https://t.co/e2lAwRBWTD

    Open source
  3. CB

    Crypto BriefingArticle 路

    Grayscale reports Zcash market cap rises to 1.5% of Bitcoin鈥檚 in one year Zcash's market cap growth highlights increasing demand for privacy in crypto, but regulatory risks and volatility remain significant challenges. The post Grayscale reports Zcash market cap rises to 1.5% of Bitcoin鈥檚 in one year appeared first on Crypto Briefing .

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