"Zcash (ZEC) emerged as a primary beneficiary of Wednesday's geopolitical de-escalation, soaring to nearly $335. As news of a ceasefire between the United States, Israel and Iran broke, ZEC spiked from $276 to $310 before continuing a steady climb that culminated in a 25% daily gain."
"The rally pushed Zcash's weekly gains to 33%, significantly outperforming bitcoin and other high-cap altcoins, which averaged growth between 3% and 7%. ZEC's market capitalization reached $5.58 billion, bringing it within striking distance of its main rival, monero (XMR), which held a valuation of $6.2 billion."
"While the ceasefire provided the initial spark, several project-specific catalysts supported the momentum. The integration of Zcash's ZK-SNARKs technology by Dash bolstered the privacy narrative, while Grayscale recently reaffirmed its support for the privacy project."
Zcash experienced a significant price increase of 25% to nearly $335 following the announcement of a ceasefire between the U.S., Israel, and Iran. This rally resulted in a 33% weekly gain for ZEC, outperforming bitcoin and other altcoins. Zcash's market capitalization reached $5.58 billion, approaching that of its competitor, Monero. The rise was supported by project-specific developments, including the integration of Zcash's ZK-SNARKs technology by Dash and Grayscale's reaffirmation of support for Zcash's optional privacy model, which allows users to choose transaction types.
Read at news.bitcoin.com
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