Zcash (ZEC) Rises as Market Cap Climbs Above $5.8B
Zcash $ZEC , one of the leading privacy-focused cryptocurrencies, is trading higher today, gaining 3.4% in the past 24 hours as renewed interest flows into privacy coins. ZEC now sits at $357.03, supported by a market cap of $5.86B, marking a 3.59% increase. With a circulating supply of 16.42M ZEC out of a 21M max supply, Zcash continues to benefit from its scarcity-driven economic model.
Trading activity remains steady, with 24-hour volume reaching $736.25M, showing a slight but stable uptick of 0.09%. The 12.64% volume-to-market-cap ratio indicates healthy liquidity and consistent participation from traders, especially those seeking alternatives to mainstream assets during market uncertainty.
ZEC’s latest price rise may be tied to increasing global regulatory discussions around financial privacy and blockchain anonymity. As on-chain tracking becomes more common, privacy coins like Zcash are attracting fresh attention for their selective disclosure features and shielded transactions.
With growing interest in privacy-preserving technologies, Zcash is positioned to remain a key asset in the sector. If market sentiment continues trending upward, ZEC could extend its momentum as traders diversify into assets with strong utility and limited supply.
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