Zcash Gains Momentum as Institutions Accumulate
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Zcash (ZEC) is becoming one of November’s strongest standouts, moving independently from the broader bearish crypto market. Analysts say a push toward $1,000 is increasingly realistic as major players accumulate ZEC as a strategic reserve asset.
Cypherpunk Technologies, backed by Winklevoss Capital, recently bought 29,869 more ZEC on top of its earlier position, bringing its total to 233,644 ZEC at a $291 average. Experts expect more firms to follow and even speculate about a future ZEC ETF, potentially accelerating institutional demand.