Zcash to $2,292? Biggest Onchain ZEC Short Adds $8.4 Million Despite Losses

Zcash Is Only 1% of Bitcoin's Market Cap, but Its Volatility Is More Than 3 Times Higher

ZEC's smaller market cap and higher volatility than BTC make options compelling for risk management and potentially attractive for premium income.

Zcash to $2,292? Biggest Onchain ZEC Short Adds $8.4 Million Despite Losses

Zcash is up 2389% over the past year, with its recent rise at September's start trapping bears.

Zcash Surges 2,389% as $47 Million Short Faces Pressure

Zcash (ZEC) has extended its remarkable rally, putting major short sellers under mounting pressure as the privacy-focused cryptocurrency trades at levels not seen in nearly a decade. ZEC was trading around $1,176, up 1.2% over the past 24 hours and 44.1% over the previous week. The cryptocurrency surpassed $1,000 on Friday for the first time since 2016 and reached a high of $1,254 on Sunday during a four-day advance. Zcash has now gained approxi…