ZEC's market cap as a share of Bitcoin's market cap rises to about 1.5%, Grayscale says there is still room to expand market share

Odaily News: Zach Pandl, Head of Research at Grayscale, posted on X that over the past year, the price of ZEC has risen from about $60 to about $1,500, but Grayscale believes it has not yet reached its valuation ceiling. ZEC's market cap as a share of Bitcoin's market cap has risen from less than 0.1% a year ago to about 1.5%; Grayscale expects that market demand for privacy-preserving technology will continue to grow, and if Zcash continues to offer privacy features superior to those of other cryptocurrencies, there is still room to further expand its market share.