New Delhi: While the broader cryptocurrency market continues to struggle, Zcash (ZEC) has emerged as a standout performer, delivering spectacular returns for investors. In the last 24 hours, Zcash’s value surged nearly 12%, defying the ongoing market downturn affecting major cryptocurrencies like Bitcoin and Ethereum.
Explosive Growth in Just 20 Days
Zcash’s price crossed $673 (around ₹60,000) on Thursday at 2:30 PM, doubling in just 20 days from $330 on October 31. Over the past month, it has delivered over 160% returns, making it one of the fastest-growing cryptocurrencies in the current market.
Two-Month Returns Skyrocket to 1200%
Two months ago, Zcash traded at approximately $50. Today, it has surged past $670, representing a 1200% gain. This means an investor who put ₹1 lakh into Zcash two months ago would now have holdings worth over ₹13 lakh, making a profit of ₹12 lakh in just 60 days.
Market Overview
The rest of the crypto market continues to experience volatility. Over the past 24 hours:
- Bitcoin gained 0.77%
- Ethereum fell 1.20%
- Ripple dropped 1%
- Binance Coin declined nearly 2%
- Solana saw an increase of over 2%
While most cryptocurrencies struggle to recover, Zcash stands out as a rare success story, attracting investor attention with its unprecedented growth.
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