Zcash Surges as Traders Predict Further Gains
- Zcash (ZEC) has increased by over 62% this week, trading around $380.
- Predictors on Myriad expect ZEC to reach $420 in April, implying a further potential rise of about 10%.
- The prediction market shows a significant optimism shift, with odds now at a favorable position compared to an earlier stance against the price increase.
- Other privacy tokens like DASH have also seen substantial gains, while Monero (XMR) and ZKsync (ZK) showed mixed performances.
- Bitcoin and Ethereum also experienced gains last week, with increases of about 9% and over 8%, respectively.
Despite the recent surge, Zcash remains significantly below its all-time high set in October of $3,191. The recent price movements follow broader positive trends in the crypto market due to geopolitical developments.
Traders remain optimistic about Zcash’s near-term potential as it continues to outperform major cryptocurrencies like Bitcoin and Ethereum in weekly growth percentages ((Source).
