Zcash (ZEC) Rockets 1,200%—Expert Says ZEC Could Soon Outgrow Cardano (ADA)
Zcash (ZEC), the market’s leading privacy-focused cryptocurrency, has delivered a massive performance, with year-to-date data showing ZEC is up more than 1,200%, dramatically outpacing major coins. Cardano (ADA), by contrast, has been in a very different posture, with the same period showing a roughly 66% retrace. The divergence has been so pronounced that Zcash briefly surpassed Cardano by market capitalization, pushing ZEC to become the 11th-largest cryptocurrency on May 10—an inflection point that has led at least one market expert to suggest ZEC could ultimately flip ADA in that key ranking. Why Zcash Is Catching Investors’ Eye Market expert Alex Carchidi highlighted several drivers in a new report, pointing to big accumulation as one of the most important themes. For example, Multicoin Capital disclosed in early May that it has been building a significant position in Zcash since February. That kind of accumulation is not limited to one firm. Cypherpunk Technologies has also accu