Zcash has surged over 1,000% in the past year, with Grayscale analysts suggesting further upside potential driven by privacy demand and market share growth.
Macro & Markets ·
Zcash has posted gains exceeding 1,000% over the past year, with price stabilizing near $1,400 while accumulation activity continues. A whale wallet has expanded its holdings to approximately 22,960 tokens, representing $31.7 million in value and signaling sustained investor conviction in the asset.
Grayscale analysts point to privacy features as a driver of potential further expansion, suggesting room for Zcash to capture additional market share as demand for blockchain privacy grows. The research contrasts with challenges facing US-listed Zcash ETFs, which have experienced recent outflows.
What remains unclear is whether the whale accumulation reflects institutional repositioning or retail whale positioning, and whether the privacy narrative will sustain momentum amid regulatory and competitive pressures in the privacy-coin space. The trajectory of US-listed ETF flows and whether outflows signal broader investor hesitation also warrants monitoring.