Zcash Soars 20% as Grayscale Trust Fuels Explosive Rally

Zcash is experiencing a significant surge in price today, jumping over 20% to trade at $162.62. This impressive gain places it among the top performers in the market, attracting considerable attention from investors and analysts alike. The rally can be attributed to two major catalysts: Grayscale’s launch of its Zcash Trust and Hyperliquid’s listing of shielded ZEC perpetuals. 20% growth is nothing short of a significant feat for a coin that has been relatively stagnant for the majority of 2023.