Zcash Rises Above $1,250 as Market Cap Nears Hyperliquid
Zcash (ZEC) traded above $1,250 on Wednesday, extending a sharp run that has pushed the privacy-focused cryptocurrency closer to Hyperliquid in the cryptocurrency market-cap rankings.
According to data shared by BSCN, ZEC was trading near $1,250, up almost 8% over the day and approximately 54% over the past week. The move has lifted Zcash’s market capitalization to $21.09 billion, placing it tenth among cryptocurrencies by market value and bringing it closer to Hyperliquid, which holds the ninth position.
ZEC Extends Monthly Gains
Zcash recorded a 24-hour trading range of $1,146 to $1,292, reflecting substantial price movement during the session. The token has gained roughly 151% over the past month, adding to the strong weekly advance reported by BSCN.
The latest move places ZEC within relatively close reach of the cryptocurrency ranked immediately above it. While Zcash remains in tenth place by market capitalization, the gap with Hyperliquid has narrowed as ZEC's valuation has increased.
The market-cap figure is based on Zcash's circulating supply of 16.86 million ZEC. The cryptocurrency has a maximum supply of 21 million coins, meaning the circulating amount remains below its stated supply cap.
Zcash Market Structure
Zcash's current market capitalization reflects both its recent price appreciation and the number of ZEC coins circulating in the market. With 16.86 million ZEC in circulation and a 21 million maximum supply, approximately 4.14 million coins remain outside the reported circulating supply.
The sharp rise in ZEC's market value has therefore been driven primarily by the change in its market price rather than a comparable increase in circulating supply within the figures provided.
The token's intraday range also shows the degree of volatility accompanying the move. ZEC traded as low as $1,146 before reaching $1,292, a difference of $146 within the 24-hour period.
Hyperliquid Ranking Comes Into Focus
Zcash's rise to a $21.09 billion market capitalization puts its position immediately behind Hyperliquid in the rankings cited by BSCN. The ninth-place position is now within reach, although the figures provided do not specify the exact market-capitalization gap between the two assets.
For ZEC, the latest ranking marks another step in a month that has produced a roughly 151% increase in price. The cryptocurrency's advance over the past week alone has reached about 54%, while Wednesday's gain stood at almost 8%.
The figures reported by BSCN provide a snapshot of Zcash's position as of Wednesday, with ZEC trading between $1,146 and $1,292 and its market capitalization at $21.09 billion.
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.