“ZCash is insurance against Bitcoin”: ZEC explodes

The privacy coin Zcash (ZEC) is breaking all records. Within a single day, the coin has skyrocketed by a whopping 59 percent. The current price is $144.46.
ZEC was developed based on the original Bitcoin code, but uses privacy technology that encrypts transaction data and allows users to protect their assets.
The rally is likely due to a tweet from financial influencer Naval Ravikant, who states: “Bitcoin is insurance against fiat money. Zcash is insurance against Bitcoin.” The post has already received 2.1 million views.
Meanwhile, asset manager Grayscale still maintains its Zcash trust and expects exorbitant price gains. If just one percent of the offshore asset protection market is represented by Zcash, the ZEC price could rise to $6,289.

Zcash is the most well-known stablecoin alongside Monero (XMR). However, major exchanges have delisted XMR in the wake of the MiCA regulation, but Zcash is still tradable on Kraken.

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