Privacy-focused protocol Zcash has received newfound support from industry experts and influencers, sending its native token price to multiyear highs this year.
Privacy is in vogue, and there has been an outsized winner in the market. The Zcash protocol has been the talk of crypto twitter and the price of its native token, Zcash (ZEC), has reflected that narrative.
Zcash’s token has been trading above $500 for the first time since 2018, driven by an intriguing trend of support from some of the industry’s most popular commentators.
The likes of Arthur Hayes, Naval Ravikant, Mert Mumtaz, Ansem, Threadguy and other notable accounts have been advocating for the privacy-first benefits of Zcash for months. Lofty price predictions interlaced with privacy-praising takes have played their part in ZEC’s outsized returns in comparison to the wider altcoin landscape.
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