ZCash Skyrockets 16%, Securing Top Spot in Privacy Coin Market

Zcash (ZEC) experienced a significant surge of 16.16% in the last 24 hours, reaching a new high of $221.51 and establishing itself as a top performer within the growing privacy coin market. This impressive rise is fueled by a confluence of factors, including strong DeFi applications and increased investment from institutions. ZEC boasts a robust market cap of $3.6 billion and has an active supply circulation, contributing to its sustained success.