Zcash Surges 36% to Reach $370 in the Past Day

Zcash Price Surge: Zcash (ZEC) experienced a 36% increase in 24 hours, rising from $272 to $370, driven by heightened interest in privacy-oriented cryptocurrencies and a buying frenzy among traders.

Market Capitalization Milestone: The token's market capitalization surpassed $5.97 billion for the first time, reflecting its growing prominence among privacy-focused digital assets.

Influence of Predictions: Crypto entrepreneur Arthur Hayes predicted Zcash could reach $10,000, which fueled further buying activity and contributed to the price rally.

Volatility and Risks: Despite the recent gains, Zcash remains highly volatile and subject to regulatory and market risks, with significant price fluctuations possible, urging caution among investors.