Zcash has risen 217% this year and 90% in the past 30 days, but remains almost 75% below its price at launch in October 2016. The Motley Fool says momentum traders may consider it, while long-term investors likely have better buy-and-hold options.
Grayscale launched the first-ever spot Zcash ETF at the end of August; it had attracted more than $500 million from investors, the article says. The article also cites rising interest in privacy coins and Hyperliquid's plan to offer privacy-enabled trading in Zcash-based perpetual futures.
Privacy coins let users shield their blockchain wallet addresses and transaction details from others. The article says that purpose has raised legal and regulatory questions.
