Gate News Bot Message, December 25th, according to CoinMarketCap data, as of press time, ZEC (Zcash) is trading at $441.89, up 7.17% in the past 24 hours, with a high of $455.22 and a low of $385.13. The 24-hour trading volume reached $675 million. The current market capitalization is approximately $7.271 billion, an increase of $486 million from yesterday.
Zcash is the first cryptocurrency to develop zero-knowledge cryptography technology for private peer-to-peer payments, providing end-to-end encryption to protect user privacy. ZEC features fast, low-cost transactions, with transaction fees typically only a few cents. As a decentralized protocol, users have full control over their funds. The Zcash ecosystem is supported by many well-known exchanges and wallet service providers, making it a preferred solution for private daily payments and long-term storage.
Important recent news about ZEC:
1️⃣ Ecosystem application expansion drives capital inflow
ZcashFi lending products are now live, offering lending and trading functions for ZEC holders. Users can earn up to 2% annualized yield by native supply of ZEC on the Zcash chain, and the loan-to-value ratio for borrowing stablecoins or other assets on any supported chain can reach 60%, supporting cross-chain earning without bridging. The improvement of such financial infrastructure provides new application scenarios for the privacy coin ecosystem, attracting continuous incremental capital inflow.
2️⃣ Well-known investors continue to leverage high multiples for long positions
Prominent investors have repeatedly positioned long ZEC positions over the past week. After going long BTC with 40x leverage, they opened an 888 ZEC long position at 10x leverage, with an entry price of $439.24. They also simultaneously went long on multiple assets including Bitcoin, ZEC, and HYPE with high leverage, with total long position holdings reaching $17 million. These large, high-leverage long behaviors reflect institutional investors’ optimistic outlook on the current price range, creating upward momentum.
3️⃣ Market capital rotation drives sector rally
The privacy coin sector has gained market attention, with ZEC experiencing a 15.49% increase in the 24-hour period on December 20, leading the cryptocurrency market. Macro investors analyze that ZEC’s rise is due to capital rotation phenomena, with the market quickly switching between different sectors. On December 20, ZEC peaked at $447.15 before pulling back, but the current price level remains relatively high, reflecting ongoing market interest in the privacy sector.
This message is not investment advice. Investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin may record its second consecutive six-month decline in history, following its first consecutive six-month drop, after which it surged by 208%.
BlockBeats news, on March 29, according to Coinglass data, Bitcoin's return rate for March this year is currently reported at -0.76%, which may mark the sixth consecutive month of decline.
Historically, Bitcoin has only experienced a similar situation once: from August 2018 to January 2019, it fell approximately 54.8% over six months. Subsequently, Bitcoin saw a continuous rise for five months (from February 2019 to June 2019), with a total increase of up to 208%.
BlockBeatNews18m ago
Altcoin XRP Makes Bullish Breakout Against Bitcoin, Projecting a Possible Massive Surge Ahead
Altcoin XRP makes bullish breakout against Bitcoin (BTC).
The asset is projected towards hitting bullish new ATH prices.
The price of XRP could surge over 600% to hit ATH targets over $10.
The crypto market prepares to see Bitcoin (BTC) make its sixth consecutive red close, a pattern
CryptoNewsLand32m ago
Over $14 billion in Bitcoin options will expire on Friday, with the market closely watching the $75,000 "magnetic price level."
This Friday, Deribit will settle approximately $14.16 billion in Bitcoin options, with the market expecting $75,000 as a key "magnet price." The current price of Bitcoin is around $71,617, still some distance from the most painful point of $75,000, and significant volatility may occur in the next two days. Although market sentiment is focused on a rebound, the demand for hedging remains high, reflecting short-term fluctuation risks.
区块客38m ago
Pi Network’s PI Token Rebounds, Bitcoin (BTC) Maintains $66K: Weekend Watch
Bitcoin's price has stabilized above $66,000 despite recent volatility influenced by geopolitical events. Altcoins, including ETH and XRP, have seen minimal movement, while some smaller coins like SIREN and PI experience notable gains. The overall crypto market cap remains steady.
CryptoPotato40m ago
85% or 200% Surge Next for Cardano? ADA Tests Key Level Linked to Historic Breakouts
Cardano’s native token has been among the poorest performers in the past year, with on-chain data suggesting that ADA active wallets are down over 40% on their investments within this timeframe.
However, this could actually be bullish for the underlying asset, especially when it’s combined with ano
CryptoPotato48m ago
The next big Bitcoin shock could be when Wall Street loses confidence and starts selling
Bitcoin's recent drop below $67,000 marks a significant correction, but unlike past declines, market reactions are noticeably calmer. The endurance of the Bitcoin spot ETF in the U.S. suggests that new holders exhibit greater patience. Despite fluctuations and macroeconomic influences, a mass sell-off hasn't occurred, indicating a shift in investor behavior that may define Bitcoin's future cycles.
TapChiBitcoin1h ago
