Zcash Climbs to New High Amidst Market Shift

Zcash experienced a notable surge in value, reaching an eight-year high as the broader crypto market witnessed a shift in investor sentiment. While PENGU saw a decline of 5%, Zcash’s impressive growth highlights a growing interest in privacy coins and a rotation away from risk-on DeFi projects. The cryptocurrency’s trading volume soared past $1.38 billion in a single day, showcasing the increased activity around the asset. Zcash’s market capitalization neared $7.16 billion, while broader market indices like Bitcoin and Ethereum experienced declines, highlighting a disconnect between these assets.