Zcash above $1,000: ZEC rate and market cap growth

Zcash sharply strengthened its position in the market this week: the ZEC rate exceeded $1,000, the coin gained more than 30%, and its market cap rose above $17 billion. Against this backdrop, the asset entered the top 10 largest cryptocurrencies by market capitalization. This movement once again showed how volatile ZEC remains: the sharp rise quickly affected both spot and futures markets.

“Trades Closed From +40% Profit”

“+1,300$/Month in Profit”

“Stable 500$–600$ Withdrawals”

ZEC Breaks Through a Key Price Milestone

Zcash’s growth became one of the most notable moves of the week in the crypto market. The ZEC/USDT pair on Binance broke through the psychologically important $1,000 mark, after which traders’ attention to the asset increased sharply.

The market value of ZEC exceeded $17 billion. This was enough for the asset to secure a place in the top 10 cryptocurrencies by capitalization.

The rapid price increase hit futures market participants. In the past 24 hours, the volume of ZEC position liquidations exceeded $36 million.

According to Crypto Banter, Zcash crossed the $1,000 level about 10 days after the launch of the first US spot ETF for this asset. Grayscale launched the ZCSH fund on NYSE Arca on August 25.