Grayscale: Zcash is a noteworthy cryptocurrency

Crypto asset manager Grayscale has identified Zcash (ZEC) as a noteworthy cryptocurrency, according to a post on its official X account. Grayscale noted that while Bitcoin still leads the crypto market with a share of about 90%, Zcash is a coin to watch for its potential to gradually erode this dominance. The firm explained that unlike Bitcoin, whose transaction history is completely public and transparent, Zcash allows users to conceal transaction-related information. This privacy feature is seeing increasing use, attracting new capital into the ecosystem, Grayscale added. Currently, ZEC's market capitalization is only about $4 billion, representing a market share of approximately 0.3%. However, if its market share were to expand to 5%, the value of ZEC could increase 18-fold, the asset manager projected.