Grayscale says ZEC rally is driven by scarcity, privacy demand

ZEC extended gains after breaking above $900, with Grayscale saying the token is rising on Bitcoin-like scarcity and growing demand for digital privacy. Grayscale had previously highlighted ZEC’s strengths as its proof-of-work model, its 21 million supply cap, and its optional privacy features. ZEC was trading at $947.13, up 16.82%, according to CoinMarketCap.