Grayscale says Zcash There is still room to expand market share, and demand for privacy technology will continue to grow
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Grayscale believes that Zcash there is still room to expand market share, and demand for privacy-protection technology will continue to grow.
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⚡️Grayscale:Zcash There is still room to further expand market share, and demand for privacy technology will continue to grow
BlockBeats reports that September 30, Grayscale Head of Research Zach Pandl stated in a post that over the past 1 years ZEC price rose from approximately 60 USD to approximately 1500 USD, but Grayscale believes it has not yet reached its valuation ceiling. This increase reflects Zcash’s previously low valuation starting point and substantial potential market size.
Data shows that 1 years ago,ZEC’s market capitalization was less than BTC’s 0.1%, and has now risen to approximately 1.5%. Grayscale believes that although this change is significant, it is not extreme in the digital-asset sector. Currently,XRP’s market capitalization is approximately BTC’s 6%; over the 2017 to 2018 period, the market capitalizations of XRP、BCH、LTC and DASH each reached at least BTC of 3%.
Grayscale expects demand for privacy-preserving technology to continue growing. If Zcash can continue to provide superior privacy features compared with other cryptocurrencies, it still has room to further expand its market share.
Original link https://m.theblockbeats.info/flash/369669
Key points
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BlockBeats stated that September 30, and Grayscale Head of Research Zach Pandl discussed Zcash。
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The original text states that over the past 1 years,ZEC’s price rose from approximately 60 USD to approximately 1500 USD。
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The original text states that 1 years ago ZEC the market capitalization was less than BTC of 0.1%, and is currently approximately BTC of 1.5%。
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The source states that, currently,XRP the market capitalization is approximately BTC’s 6%。
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Grayscale believes that Zcash it has not yet reached its valuation ceiling.
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Grayscale expects demand for privacy-protection technology to continue growing.
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Grayscale stated that if Zcash it continues to provide privacy features superior to those of other cryptocurrencies, it still has room to further expand its market share.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report relays the opinion of Grayscale's head of research, Zach Pandl:ZEC Price and the relative BTC market capitalization share have risen significantly, but Grayscale still believes Zcash may continue to gain market share. This assessment is conditional on Zcash continuing to provide better privacy features.
Why it matters to readers
The report linked Zcash’s potential growth prospects to demand for privacy protection and compared them with ZEC’s relative BTC’s market capitalization changes and the ratios previously reached by other cryptocurrencies.
Beginners should distinguish between the stated price and market capitalization share and Grayscale's forecast; “has not yet reached its valuation ceiling” and “demand will continue to grow” are institutional opinions and do not mean that the price will necessarily continue to rise.
Risks and unknowns
The article provides no specific sources for the price and market capitalization share data, so they cannot be independently verified based solely on the original text.
Zcash The original text provides no basis for comparison as to whether its privacy features are actually superior to those of other cryptocurrencies.
Whether demand for privacy protection technology will continue to grow has not yet been substantiated.
Zcash Whether market share can be further expanded depends on the conditions stated in the original text; the outcome is unknown.
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The message was relayed by BlockBeats and did not provide the direct content of Zach Pandl’s post.
Related concepts
Market Capitalization
A metric for the total value of currently tradable tokens calculated at current prices.
