Zcash gains 70% in a week amid growing interest in crypto privacy
Swyftx’s Pav Hundal says Zcash is surging amid concerns about artificial intelligence, quantum computing and financial surveillance.
Privacy-focused cryptocurrency Zcash (ZEC) has spiked by more than 70% over the past week as crypto traders have been paying closer attention to privacy-focused projects.
Zcash traded at about $346 on Friday, May 1, before hitting a seven-day peak of $593.86 on Wednesday. It has since settled at around $570 as of Friday, according to CoinGecko.
Pav Hundal, lead market analyst at crypto exchange Swyftx, told Cointelegraph that traders have begun paying closer attention to privacy projects “amid broader concerns about the impact of AI, quantum computing and financial surveillance on crypto.”
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