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Zcash on fire 🔥
Bitcoin is rising again, but privacy coin Zcash is up 60% over the last week. Is it poised for another massive move ahead?
📝 What you need to know
Bitcoin just topped $73,000 for the first time in weeks, but there’s a much bigger gainer among the leading cryptocurrencies: privacy coin Zcash, which is making another big run after skyrocketing in value last fall.
Zcash is up 60% in the last week at a recent price around $375. There are no obvious triggers for ZEC’s latest spike, but it recalls the autumn eruption of demand for the long-running coin, which saw it surge from $50 to nearly $700 within two months. Users on Myriad—a prediction market operated by Decrypt’s parent company, Dastan—think it’ll keep rising, too, predicting a rise to $420 sometime this month.
đź“° In the News
📊 Myriad Market of the Day
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