Is Zcash (ZEC) A Millionaire-Maker Cryptocurrency?

Core Insights - Zcash (CRYPTO: ZEC) has experienced a significant price increase of 496% over the last three months, raising questions about its potential to create wealth for investors [1] - The coin is built on Bitcoin's codebase and incorporates privacy features that allow for shielded transactions, distinguishing it from other cryptocurrencies like Ethereum [3] - Zcash's current market capitalization is approximately $4.7 billion, suggesting potential for substantial returns if adoption increases [4] Adoption Metrics - The share of Zcash's supply held in the shielded pool has risen to around 25%, indicating a growing use of its privacy features, although many users still prefer transparent transactions [5] External Constraints - Centralized crypto exchanges have historically been hesitant to list Zcash due to regulatory pressures, which could limit its growth potential [7] - Recent actions by exchanges, such as OKX removing privacy coins and Binance's pressure for compliance, highlight the challenges Zcash faces in gaining mainstream acceptance [7] Current Market Position - Despite its recent surge, Zcash's privacy features are not widely utilized, but its supply is becoming scarcer, contributing to its perceived value [8]