Zcash Is Up 8,000% From Its Lows. What’s Driving the Rally, and Can It Continue?
Zcash has become one of crypto’s biggest comeback stories.
$ZEC went from around $16 in 2024 to above $1,250, gaining more than 7,000% from its lows. It recently came close to $1,300 and now trades around $1,140 to $1,160.
So what is driving this move?
1. Institutional demand arrived
A U.S. spot Zcash ETF started trading in August.
It quickly attracted hundreds of millions of dollars in assets, giving traditional investors an easier way to gain exposure to ZEC.
More demand is meeting a limited supply of coins ava