Zcash hits highest price since 2016 as market cap tops $20B
ZEC gained 45% over the past week, extending its rally since Grayscale converted its Zcash Trust into an ETF that began trading Aug. 25.
What happened
ZEC gained 45% over the past week, extending its rally since Grayscale converted its Zcash Trust into an ETF that began trading Aug. 25.
Why it matters
The development may affect regulated access, liquidity and institutional exposure around Crypto.
Affected entities
View evidence
1 reports · 1 original report · 1 independent
- CointelegraphPrimary source · Supports · EN · 100%Zcash hits highest price since 2016 as market cap tops $20B ↗
Claims
- Zcash hits highest price since 2016 as market cap tops $20B Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
Market move following event
Market reaction is not yet available for this asset and time window.
Score explanation
Confidence · formula confidence-2.1.0
Source trust78
Independent corroboration51
Primary evidence35
Claim consistency82
Extraction confidence82
Attribution quality90
Impact · formula impact-2.1.0
Event magnitude50
Market relevance88
Entity significance42
Market breadth45
Novelty68
Urgency55
capital magnitude100
Ranking · formula rank-1.0.0
Confidence factor0.838
Freshness factor0.9977
Breaking bonus0