Zcash Overtakes Dogecoin to Become 10th Largest Crypto – Analyst Explains ZEC’s $40 to $850 Journey

Zcash’s continued market rally has attracted heightened attention from crypto traders. Data shared today by analyst Luciano-BTC revealed that ZEC has become the world’s 10th-largest crypto asset by market capitalization. The data disclosed a major achievement for the asset: it has become the 10th-largest cryptocurrency by market cap, overtaking Dogecoin, a top performer in the current cycle. 

This happened as Zcash’s market cap surpassed Dogecoin’s, signaling a renewed wave of investor interest and enthusiasm in the ZEC market. With the latest milestone, Zcash now follows behind major crypto giants including Hyperliquid, TRON, Solana, USDC, XRP, BNB, Tether, Ethereum, and Bitcoin. The rejuvenated market rally showcases the rising legitimacy and influence of Zcash in the cryptocurrency space, where major assets are recognized as dominant.

What’s Driving Zcash Dominance

Achievement points out Zcash’s growing influence among investors who increasingly show confidence in its market. The rising market cap reflects the asset’s growing dominance in the broader crypto market, driven by multiple factors, including a price bull run and renewed whale appetite.  

The ongoing ZEC upturn has enabled it to become the 10th-largest digital asset by market cap after overtaking DOGE. Recently, the asset emerged as one of the largest gainers in the digital asset market. Last week on Saturday, August 22, it breached the $800 level for the first time in eight years after recording an outstanding breakout. The altcoin has continued its bull run, as shown by today’s market performance. Currently, the asset trades at $847.25 and has been up 1.3% and 80.2% over the past week and 30 days, showing its outperformance relative to other leading crypto assets.