Zcash jumps 1,190% after Forbes recognition
- Zcash (CRYPTO:ZEC) has gained about 1,190% over the past year and was named in Forbes' top 10 cryptocurrencies.
- Lower supply and the 2024 halving have supported the price, while regulatory and technical risks remain.
- Analysts said the rally's future will depend on adoption and regulation.
Zcash (CRYPTO:ZEC) has climbed about 1,190% over the past year to around US$545, earning a place on Forbes' list of the top 10 cryptocurrencies.
Forbes said Zcash met its selection criteria with a market value above US$5 billion and a clear use case as a privacy-focused digital asset.
“Given crypto's higher volatility, we chose a more conservative cutoff: screening only for projects with a market cap of at least US$5 billion,” Forbes said.
A record 5.1 million ZEC is now held in shielded addresses, while the November 2024 halving reduced new coin issuance from 3.125 to 1.5625 ZEC per block.
The rally has also faced challenges after developers fixed a critical software flaw in May, while European MiCA rules are expected to restrict privacy coins from 2027.
Zcash remains well below its 2016 record high, and its long-term performance will depend on user adoption, regulatory developments and continued confidence in the network.
At the time of reporting, Zcash price was $528.65.
