Zcash Soars Past $700 as Privacy Coins Gain Momentum

Zcash is experiencing a surge in popularity, reaching new heights as its price surpasses $700, establishing it as the third-most traded altcoin based on trading volume. This rise coincides with increasing regulatory scrutiny and institutional interest in privacy-focused digital assets. ZEC’s trading volume has recently surpassed $4.38 billion in 24 hours, trailing behind Ethereum and Solana. However, its remarkable ascent signals a broader market shift towards privacy-preserving cryptocurrencies as investors seek alternative solutions to the transparency inherent in traditional financial systems.