$ZEC
🔒 The Invisible Coin Reached $1,029
Zcash (ZEC) is one of the leading privacy coins in the crypto world. Unlike Bitcoin, ZEC uses zero-knowledge cryptography to hide the sender, the recipient, and the transaction value.
After 8 years in the shadows, this happened:
On Friday, it jumped above $1,000 for the first time since its 2016 launch, reaching $1,029 on Binance—up nearly 2,300% over the year.
This surge pushed Zcash past Dogecoin by market value and led to the closure of $34.5 million worth of short positions after the $1,000 level was breached.
The catalyst was a hint from Federal Reserve Governor Waller about the possibility of stopping rate hikes, followed by Friday’s jobs data (162K jobs versus 56K expected), which pushed Bitcoin below $80,000—while Zcash held its ground.
On August 25, Grayscale launched the ZCSH ETF on the NYSE Arca platform, meaning the most prominent privacy coin in the crypto world is now available to trade on an exchange regulated by the SEC.
8 years of hiding… and all it needed to get noticed was four digits. 😊$SOL
$XRP #UsCanadaTradeWar
🔒 The Invisible Coin Reached $1,029
Zcash (ZEC) is one of the leading privacy coins in the crypto world. Unlike Bitcoin, ZEC uses zero-knowledge cryptography to hide the sender, the recipient, and the transaction value.
After 8 years in the shadows, this happened:
On Friday, it jumped above $1,000 for the first time since its 2016 launch, reaching $1,029 on Binance—up nearly 2,300% over the year.
This surge pushed Zcash past Dogecoin by market value and led to the closure of $34.5 million worth of short positions after the $1,000 level was breached.
The catalyst was a hint from Federal Reserve Governor Waller about the possibility of stopping rate hikes, followed by Friday’s jobs data (162K jobs versus 56K expected), which pushed Bitcoin below $80,000—while Zcash held its ground.
On August 25, Grayscale launched the ZCSH ETF on the NYSE Arca platform, meaning the most prominent privacy coin in the crypto world is now available to trade on an exchange regulated by the SEC.
8 years of hiding… and all it needed to get noticed was four digits. 😊$SOL
$XRP #UsCanadaTradeWar
