Summary
- Zcash recently surpassed a market capitalization of $10.6 billion, positioning it as the leader in the privacy coin market.
- Zcash's transparent addresses and shielded addresses-compatible hybrid structure, which combines regulatory friendliness and anonymity, is attracting investor attention.
- Alongside the overall strength of privacy coins, analyses suggest Zcash's structure is favorable for institutional custody and exchange listings.
The virtual asset (cryptocurrency) market has entered an overall correction phase, while privacy tokens (Privacy Token) are showing a new upward trend. In particular, Zcash (ZEC) has taken the lead, with its market capitalization surpassing $10.6 billion, putting it on the verge of entering the top 10 cryptocurrencies.
On the 7th (local time), according to Cointelegraph, Zcash at one point surged to $655, recording a market capitalization of about $10.6 billion. It later adjusted slightly and was trading around $632, maintaining a market capitalization of about $10.3 billion. This puts Zcash at 12th in total virtual asset market capitalization.
Market experts interpret this rally as a sign of a 'Privacy Revival.' They analyze that investor interest in restoring on-chain anonymity and expanding financial autonomy is rising again. In particular, Zcash adopts a dual-structure design that allows both transparent addresses (Transparent Address) and shielded addresses (Shielded Address) to coexist, and is evaluated as a model that balances regulatory friendliness and anonymity simultaneously.
Market participants said, "Zcash's hybrid structure is suitable for both institutional custody and exchange listings, acting as a major factor absorbing demand for privacy asset investments."
Meanwhile, privacy coins as a whole also rose during the same period. Dash (Dash) surged 141% over a week, Decred (Decred) 96%, and ZKsync (ZKsync) 122%. By contrast, leading rival token Monero (XMR) rose only 12%.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
