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Bitcoin supporters refocus on privacy coin Zcash

MeNews
robot
Abstract generation in progress
ME News Report, May 16 (UTC+8), some early Bitcoin supporters and crypto investors are refocusing on privacy coin Zcash. Zcash's privacy features are considered to be closer to the original principles of cryptocurrencies. The report states that Zcash has increased by about 50% over the past month, with a total increase of approximately 1140% over the past year, and a market capitalization of around $8.9 billion. DCG has already listed Zcash as one of its largest holdings this year, and Grayscale has applied to regulators to convert its Zcash trust into an ETF. However, Zcash's shielded address functionality can hide both the transaction parties and amounts, which could also trigger potential misuse and regulatory scrutiny debates. (Source: MLion)
BTC-0.34%
ZEC-4.43%
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NekoValidator
· 6h ago
A 1140% increase last year, is it a good time to buy now... or just taking over the position...
View OriginalReply0
GasFeeGambit
· 6h ago
Grayscale’s action was very fast, and it looks quite confident about regulatory approval.
View OriginalReply0
FoldedCosmosCat
· 6h ago
One of the largest holdings, DCG, this is an all-in privacy narrative.
View OriginalReply0
MetalReliefRoboticArm
· 6h ago
Zcash's recent surge is quite strong, is the privacy track about to heat up again?
View OriginalReply0
MevStreetPhotographer
· 6h ago
The spring of privacy coins is coming, but don't forget the lessons from XMR.
View OriginalReply0
StillHereAfterTheRugPull
· 6h ago
Escaping from BTC to ZEC, this wave of faith migration is interesting
View OriginalReply0
GateUser-7919e6b9
· 6h ago
A 50% increase is just the beginning; the ETF narrative hasn't been fully priced in yet.
View OriginalReply0
AutumnSlopeCabin
· 6h ago
If the ETF is rejected, can this 50% increase be maintained?
View OriginalReply0
Can'tSleepWithoutSigningThe
· 6h ago
The technology is cool, but the regulatory framework can't keep up; an incident is bound to happen sooner or later.
View OriginalReply0
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