Zcash reaches $14.48B market cap and top 10
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- Zcash (CRYPTO:ZEC) has moved into 10th place among cryptocurrencies by market capitalisation.
- ZEC’s market value reached about $14.48 billion, overtaking Dogecoin (CRYPTO:DOGE).
- Zcash traded at $859.74 after rising 68.43% over seven days.
Zcash (CRYPTO:ZEC) has climbed into the top 10 cryptocurrencies by market capitalisation, overtaking Dogecoin (CRYPTO:DOGE).
CoinMarketCap data cited by BitcoinWorld put ZEC’s market value at about $14.48 billion.
Zcash traded at $859.74 after gaining 68.43% over the previous seven days.
The report linked the rally to higher trading volumes and renewed interest in privacy-focused cryptocurrencies.
Zcash uses zero-knowledge technology that can shield transaction details from public view.
Dogecoin’s market value fell below Zcash’s as ZEC gained rapidly, according to the report.
The report noted that privacy coins face regulatory scrutiny, while market-cap rankings can change quickly.
At the time of reporting, Zcash price was $854.71.
