Grayscale sees room for ZEC to gain more market share against BTC

Grayscale Head of Research Zach Pandl said ZEC, which has risen from around $60 to $1,500 over the past year, still has room to expand its market share. Pandl said ZEC’s market capitalization was under 0.1% of BTC’s a year ago but has now climbed to about 1.5%. During 2017 and 2018, XRP, BCH, LTC and DASH each reached more than 3% of BTC’s market capitalization, he added. Pandl said ZEC’s share could rise further if demand for privacy-preserving technology keeps growing and Zcash maintains its competitive edge in the sector.