#ZECHitsANewAllTimeHigh
Zcash exceeds expectations as $2.4 billion in open interest adds pressure to its rally.
Open interest in ZEC perpetual contracts hit a record above $2 billion, with about $34 million in short positions liquidated.
Zcash (ZEC) surpassed Hyperliquid (HYPE) on Sunday to become the ninth-largest cryptocurrency by market capitalization, as the rally experienced by this privacy token over the past month shows no signs of slowing down.
According to data, ZEC's market capitalization surged to $19.8 billion, overtaking HYPE's $19.36 billion. The price of Zcash rose more than 16% in the last 24 hours, trading at $1,170.
$ZEC
$HYPE
Zcash exceeds expectations as $2.4 billion in open interest adds pressure to its rally.
Open interest in ZEC perpetual contracts hit a record above $2 billion, with about $34 million in short positions liquidated.
Zcash (ZEC) surpassed Hyperliquid (HYPE) on Sunday to become the ninth-largest cryptocurrency by market capitalization, as the rally experienced by this privacy token over the past month shows no signs of slowing down.
According to data, ZEC's market capitalization surged to $19.8 billion, overtaking HYPE's $19.36 billion. The price of Zcash rose more than 16% in the last 24 hours, trading at $1,170.
$ZEC
$HYPE
