Why Is Everyone Suddenly Talking About Privacy Coin Zcash Again?

Zcash has gained renewed attention on social media, with notable individuals highlighting its potential and price surge. The cryptocurrency's price increased nearly 240% over the past two weeks, reaching around $165. Mert Mumtaz, CEO of Helius Labs, is one of Zcash’s most vocal supporters and has openly predicted that the token will hit $1,000. He mentioned the increasing amount of Zcash being shielded, indicating a growing interest in its privacy features. Despite the enthusiasm, Zcash remains down about 95% from its all-time high of $3,200 in 2016. The surge in interest follows announcements from crypto asset manager Grayscale, which is creating a private placement for Zcash, enabling eligible investors to gain exposure. However, some in the community argue that retail investors might be more motivated by price movements than Zcash's technical merits. Overall, the uptick in interest and price indicates a rekindled curiosity in this privacy-centric cryptocurrency.

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