Zcash Market Cap Rises to 1.5% of Bitcoin’s, Grayscale Says

Zcash market capitalization rises from about 0.1% to 1.5% of Bitcoin’s over the past year, according to Grayscale.

Zcash’s market capitalization has increased from about 0.1% to 1.5% of Bitcoin’s over the past year, according to Grayscale, highlighting a sharp rise in the privacy-focused cryptocurrency’s relative market value.

Cointelegraph reported the figures in an X post, citing Grayscale’s assessment of Zcash’s market performance. Grayscale also expects demand for privacy to support further gains for Zcash.

Zcash Gains Ground Relative to Bitcoin

The change represents a substantial increase in Zcash’s market capitalization relative to Bitcoin over the one-year period cited by Grayscale. Zcash’s market cap stood at about 0.1% of Bitcoin’s a year ago, compared with 1.5% currently.

The comparison measures Zcash against Bitcoin rather than indicating that Zcash has reached 1.5% of Bitcoin’s price. Market capitalization reflects the total value assigned to the cryptocurrency’s circulating supply.

Grayscale’s figures therefore point to a significant increase in Zcash’s relative size within the cryptocurrency market over the period.

Privacy Demand Identified as Key Factor

Grayscale attributed part of its outlook to demand for privacy, according to the information shared by Cointelegraph. The investment firm expects privacy-related demand to drive further gains for Zcash.

Zcash is designed around privacy-preserving transactions, giving users the ability to protect transaction details through its underlying technology. Privacy has remained a distinct area within the broader cryptocurrency sector, separate from networks primarily focused on transparent transaction records.

Grayscale’s view places demand for privacy at the center of its expectations for Zcash’s continued performance. The statement does not provide a specific price target or quantify the size of any expected future increase.

Relative Market Position Remains Smaller Than Bitcoin

Despite the increase, Zcash’s market capitalization remains a fraction of Bitcoin’s based on the figures cited by Grayscale. The move from about 0.1% to 1.5% represents a 15-fold increase in Zcash’s market capitalization relative to Bitcoin’s.

The comparison also reflects the difference in scale between the two assets. Bitcoin remains the reference point in Grayscale’s calculation, while Zcash’s higher relative share marks an expansion from its position one year earlier.

Grayscale’s expectation for further gains is specifically linked to privacy demand, leaving the extent and timing of any additional increase dependent on developments that are not specified in the X post.

Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.