Grayscale Pushes Zcash (ZEC) to $180, but New ATH Isn’t Realistic Just Yet

Core Insights - Increased institutional interest and community hype have significantly boosted Zcash, reaching levels not seen since early 2022 [1] - The Grayscale Zcash Trust has seen a substantial rise in value, from $4.9 million to $13.8 million over the past 30 days, with a current market cap of $66 million [1] - ZEC has experienced a 36% gain in the past 24 hours, trading at $180.7, with a market cap of $2.93 billion and a daily trading volume of approximately $750 million [2] Market Performance - The Grayscale Zcash Trust recorded a 340% rally over the past six months, indicating strong investor interest [1] - The recent price surge has led to $2 million in short liquidations for ZEC futures traders, contributing to positive sentiment around the token [2] Price Expectations - The Zcash community is expressing hopes for a price target of $5,000, despite ZEC being 97% down from its all-time high of $5,941 [3] - To reach the $5,000 mark, Zcash would require a market value of $81.25 billion, while breaking the previous all-time high would necessitate a market cap of $96.54 billion [4] - A more realistic price target for ZEC is suggested to be between $800 and $1,000, given current market conditions [5]