Zcash (ZEC) has risen roughly 19-fold over the past year, drawing attention to its position in the cryptocurrency market. Grayscale says the privacy-focused asset could challenge Bitcoin’s network effects as demand for privacy grows. Despite its sharp gain, ZEC’s market capitalization remains below 1% of Bitcoin’s market cap, a gap Grayscale identifies as room for further upside. The comments, reported by Cointelegraph, place Zcash and Bitcoin in direct comparison while highlighting the difference in their current market scale. For ZEC market watchers, the combination of a steep one-year increase and a still-small share relative to Bitcoin is central to the investment case outlined by Grayscale. The assessment does not change the reported figures: Zcash remains far smaller than Bitcoin by market capitalization, even after its substantial rise over the past year.
