Here's what happened when an overlooked privacy coin from the last cycle started crowding a hot new name for a top-10 market cap seat.
Traders who dismissed $ZEC years ago as dead are now watching it rip. They feel that sting of missing the entry, unsure whether to chase or wait for a pullback that might never come.
Zcash, the old privacy coin known for shielded transactions, just printed a squeeze off a long base. Price sits around $1,250, up 8% on the day, 54% this week, and 151% this month. The 24-hour range ran from $1,146 to $1,292 while market cap reached $21.09 billion, sitting 10th and pressing $HYPE for ninth.
Circulating supply is 16.86 million against a hard 21 million cap, the same scarcity model as $BTC . We've seen similar rotations before, when veteran coins with Bitcoin-like supply stories suddenly recapture attention after years of neglect and start competing with newer DeFi tokens for ranking.
Yearly gains are already in the thousands of percent off those lows. The lesson here is that old narratives do not stay buried forever. When liquidity rotates, a privacy veteran can still muscle in on a high-flying newcomer.
Where do you think this ranking battle goes from here?
#Zcash #PrivacyCoins #CryptoMarkets
Traders who dismissed $ZEC years ago as dead are now watching it rip. They feel that sting of missing the entry, unsure whether to chase or wait for a pullback that might never come.
Zcash, the old privacy coin known for shielded transactions, just printed a squeeze off a long base. Price sits around $1,250, up 8% on the day, 54% this week, and 151% this month. The 24-hour range ran from $1,146 to $1,292 while market cap reached $21.09 billion, sitting 10th and pressing $HYPE for ninth.
Circulating supply is 16.86 million against a hard 21 million cap, the same scarcity model as $BTC . We've seen similar rotations before, when veteran coins with Bitcoin-like supply stories suddenly recapture attention after years of neglect and start competing with newer DeFi tokens for ranking.
Yearly gains are already in the thousands of percent off those lows. The lesson here is that old narratives do not stay buried forever. When liquidity rotates, a privacy veteran can still muscle in on a high-flying newcomer.
Where do you think this ranking battle goes from here?
#Zcash #PrivacyCoins #CryptoMarkets
