Grayscale: Zcash Remains Undervalued

Privacy-focused cryptocurrency Zcash has risen about 19-fold over the past year, yet its market cap remains less than 1% of Bitcoin's. Digital asset management firm Grayscale stated that financial privacy, cybersecurity development, and cross-chain connectivity capabilities could drive Zcash to further expand its market share. As of today, Bitcoin's market cap is $1.56 trillion, while Zcash's market cap is $13.74 billion, approximately 0.88% of Bitcoin's, with Bitcoin's market cap being about 114 times larger. Grayscale estimates that if ZEC were to reach 2%, 5%, and 10% of Bitcoin's market cap, the corresponding prices would be $1,622, $4,054, and $8,109 respectively; these scenarios are not price predictions. Grayscale's Zcash ETF began trading on NYSE Arca under the ticker ZCSH, moving from OTCQX to NYSE Arca, providing investors with spot ZEC exposure without needing to directly purchase tokens or manage wallets and private keys. Zcash uses proof-of-work and a fixed supply of 21 million coins, and supports hiding transaction details through zero-knowledge proofs. Its intents technology can coordinate cross-chain transactions based on user goals, such as exchanging other digital assets for ZEC.