Zcash Soars: Privacy-Focused Crypto Hits New High Amidst Price Surge

Zcash is experiencing explosive growth, fueled by a surge in its shielded supply and an accompanying price rally. This privacy-focused cryptocurrency has seen a substantial increase in its ZEC holdings secured within shielded addresses. The price of Zcash has jumped from around $50 in September to nearly $350 as of the writing. The rise suggests growing investor confidence and increasing adoption of Zcash’s privacy features. 4.5 million ZEC were added to its shielded supply, indicating a surge in user preference for confidential transactions.