Zcash Rally Driven by Store-of-Value Narrative, Says Helius CEO

Zcash recently reached a multi-year high of approximately $1,595. While privacy is a factor, Helius CEO Mert Mumtaz argues the rally is driven by Zcash's potential as a store of value that incorporates privacy, quantum resistance, and scalability. Mumtaz noted that the performance of other privacy coins like Monero and Dash suggests a broader sector-wide interest. Additionally, the launch of the Grayscale Zcash spot ETF (ZCSH) on August 25 has contributed to significant inflows.