Grayscale Says Zcash Market Cap Expanded to 1.5% of Bitcoin's, Cites Privacy Demand for Further Growth
JH Kim
Summary
- Grayscale said Zcash (ZEC) market capitalization has expanded sharply relative to Bitcoin (BTC) over the past year.
- According to Cointelegraph, Zcash's market capitalization rose from about 0.1% of Bitcoin's market value to 1.5%.
- Grayscale said privacy demand in the digital-asset market could support further growth for Zcash.
Forecast Trend Report by Period
Grayscale said Zcash's market capitalization has expanded sharply relative to Bitcoin over the past year, and projected further growth as demand for privacy persists in the digital-asset market.
Cointelegraph reported on September 29 that Zcash's market capitalization rose from about 0.1% of Bitcoin's market value to 1.5%.
That indicates Zcash's relative market size compared with Bitcoin has increased significantly over the past year.
Grayscale said continued demand for privacy in the digital-asset market could support additional growth for Zcash.
JH Kim
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