Can Zcash Really Follow Bitcoin? This Model Puts ZEC to the Test

ZEC's recent price surge has drawn comparisons to Bitcoin due to their shared 21 million coin supply cap. Analyst filbfilb argues that supply alone is insufficient for valuation and has developed models comparing ZEC to Bitcoin based on network usage, transaction activity, and transferred value. Applying these metrics, the models suggest implied values for ZEC ranging from $254 to $944, both of which are below its recent highs. The analysis also notes that Zcash's shielded transactions complicate the calculation of total value transferred.