Bitwise CEO "Zcash surge is shaking the perception that 'only Bitcoin is real and the rest are scams'"

Doohyun Hwang

Summary

Hunter Horsley, Bitwise CEO, said the surge of Zcash (ZEC) is shaking the market perception that 'Bitcoin is the only real one and the rest are scams.'
Zcash recorded about a 250% monthly gain and over a 1000% annual gain even in a crypto asset market that has been in a downturn.
Zcash is trading in the $683 range on Binance's USDT market, up 0.08% from the previous day.

Zcash (ZEC)'s explosive rise is said to be rattling existing perceptions in the virtual asset (cryptocurrency) market.

On the 15th (local time), Hunter Horsley, Bitwise CEO, wrote on his X, "With Zcash's price surging, the old perception that 'only Bitcoin is real and the rest are scams' is being shaken," and added, "It will be difficult for related organizations to present a unified response to this."

Zcash has shown standout strength even in a virtual asset market that has remained in a downturn. It surged about 250% over the past month and is estimated to have risen more than 1000% on a one-year basis. On that day, in the Binance Tether (USDT) market, Zcash was trading in the $683 range, up 0.08% from the previous day.

ZEC