Why Zcash (ZEC) Is Outperforming the Market Amidst Crypto Downturn

While Bitcoin and many other cryptocurrencies have struggled with a market decline in recent months, particularly during October’s turbulent trading period, a unique altcoin has shown resilience. Zcash (ZEC), often considered the most talked-about altcoin of late, has defied this downtrend and seen its value soar. This unexpected surge, as analyzed by Grayscale, points to driving factors behind ZEC’s remarkable performance in October. Grayscale’s latest report delves deeper into these forces, noting that ZEC experienced a significant 248% increase during the month alone, reaching a market capitalization of approximately $6.5 billion, becoming one of the highest-rising altcoins in recent times. ]