Privacy coin Zcash up 40% in a day; Is $100 next?
The privacy-focused cryptocurrency, Zcash (ZEC), has climbed as much as 40% in a day and soared more than 70% over the past seven days. A major catalyst for the rally came from decentralized exchange (DEX) THORSwap, which announced full support for Zcash swaps, allowing users to trade the asset against top performers like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Meanwhile, network activity also picked up, as Zcash Community Grants recently launched a Rust repo for Multi-Factor Key Derivation Function (MFKDF), giving developers new tools to experiment with. At the time of writing, ZEC is trading at $92.62, up 42.18% on the 24-hour chart and posting the best daily performance in percentage terms among all crypotcurrencies in the top 100 by market cap, as per CoinMarketCap data retrieved by Finbold. With a market cap of $1.48 billion, it is currently the 66th largest crypto. Top-performing cryptocurrencies. Source: CoinMarketCap Will Zcash hit $100? ...