Cardano Founder Stunned as Zcash (ZEC) Smashes $10B Valuation—Privacy Coins Make a Comeback
Zcash just pulled off the crypto equivalent of a midnight heist—surging past a $10 billion market cap while Wall Street slept. Charles Hoskinson, Cardano's founder, couldn't ignore the rally, tweeting cryptic congratulations that sent ADA maximalists into a frenzy.
Privacy coins aren't dead after all
Remember when regulators declared privacy-focused tokens obsolete? ZEC just moonwalked past those grim predictions. The 150% monthly pump coincides with fresh institutional interest in off-ledger transactions—because nothing says 'bull market' like hedge funds suddenly wanting anonymity.
The cynical take
Let's be real: this reeks of vintage 2021 behavior. A niche asset rockets on zero fundamental change, retail FOMO kicks in, and everyone pretends they saw it coming. Bonus irony? The same banks crying about crypto opacity are reportedly accumulating ZEC through Bermuda shell companies.
Cardano co-founder Charles Hoskinson has weighed in on the stunning surge of Zcash (ZEC), a leading privacy-focused cryptocurrency. According to CoinMarketCap, ZEC climbed from a mere $40.42 on September 1 to $619 at the time of publication.
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