Privacy coin Zcash has climbed roughly 19x over the last year, yet its market capitalization still remains below 1% of Bitcoin's. According to Grayscale, the token's focus on financial privacy, cybersecurity development, and cross-chain connectivity could push its market share higher. Current figures put Bitcoin's market cap at $1.56 trillion and Zcash's at $13.74 billion, equal to about 0.88% of Bitcoin's total, or a roughly 114x gap between the two. Grayscale estimates that if ZEC's market cap reached 2%, 5%, and 10% of Bitcoin's, the corresponding prices would be $1,622, $4,054, and $8,109 respectively, though the firm stressed those scenarios are not price predictions. Grayscale's Zcash ETF also moved to NYSE Arca from OTCQX and trades under the ticker ZCSH, giving investors exposure to spot ZEC without requiring them to hold tokens or manage wallets and private keys. Zcash uses proof-of-work, caps supply at 21 million coins, and supports zero-knowledge proofs to conceal transaction details. Its intents technology coordinates cross-chain trades, such as swapping other digital assets into ZEC.
Zcash, a privacy-focused cryptocurrency, has gained roughly 19-fold over the past 12 months, but its market capitalization is still less than 1% of Bitcoin's. Grayscale, a digital asset manager, said financial privacy, cybersecurity development and cross-chain capabilities could help Zcash expand its market share.
Bitcoin's market cap stands at about $1.56 trillion, while Zcash's is $13.74 billion, which works out to roughly 0.88% of Bitcoin's total and leaves Bitcoin about 114 times larger. Grayscale calculates that if ZEC's market cap were to reach 2%, 5% and 10% of Bitcoin's, the corresponding prices would be $1,622, $4,054 and $8,109 respectively. The firm stressed those figures are not price predictions.
Grayscale's Zcash ETF moved from the OTCQX market to NYSE Arca and began trading under the ticker ZCSH. The product gives investors exposure to spot ZEC without requiring them to buy the token directly or manage wallets and private keys.
The Zcash network uses proof-of-work consensus and has a fixed supply of 21 million coins. It supports zero-knowledge proofs that hide transaction details, and its intents technology can coordinate cross-chain transactions based on a user's goals, such as swapping other digital assets into ZEC.
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