Zcash (ZEC) Accumulates 1,000% Gains in 2 Months; Surpassing Monero, Shiba Inu

Core Insights - Zcash (ZEC) is currently trading at $383 per coin, which is ten times higher than its closing price on August 19 and one year ago [1] - Year-over-year, Zcash has seen a 933% increase, rising from $38.43 on October 31, 2024, and from $34.59 on August 19 [2] - Zcash's market capitalization has reached an all-time high of $6.24 billion, surpassing previous values achieved at higher unit prices due to a lower coin supply [2] Market Performance - Zcash's market cap rank has improved from around 84 to the current rank of 21, surpassing both Shiba Inu and Monero [1][4] - On October 31, Zcash's market cap was $6.03 billion, compared to Monero's $5.95 billion and Shiba Inu's $5.79 billion [4] - Zcash's market cap previously peaked at $2.14 billion on January 12, 2018, and at $3.74 billion on May 7, 2021 [3] Industry Context - Zcash's rally began on September 25 when it was trading at $56.29, gaining significant support from major industry players [5] - The potential for Zcash to surpass Litecoin (LTC), which has a market cap of around $7.17 billion, is being discussed due to its recent performance [6] - Litecoin is also developing privacy-related features through MimbleWimble technology, which could impact Zcash's competitive position [6]