Zcash hits highest price since 2016 as market cap tops $20B

ZEC reached its highest price level since 2016, with its market capitalization exceeding $20 billion. The asset rose 45% in the past week and 138% over the last 30 days, though it remains below its all-time high of $3,191.93. The rally is largely driven by the launch of the Grayscale Zcash Trust ETF (ZCSH) on NYSE ARCA on August 25. Grayscale's Zach Pandl noted that Zcash's privacy features, which allow users to hide transaction details via zero-knowledge proofs, are becoming increasingly relevant as AI-driven identity tracking grows.