ZEC Eyes $8.1K: First U.S. Spot ETF Adds Fuel to the Rally

• Grayscale sees ZEC potentially reaching $8,100 if market share climbs significantly.
• First U.S. spot Zcash ETF gives investors easier access to ZEC exposure.
• ZEC faces short-term volatility after a powerful rally and declining futures open interest.

Zcash — ZEC, is attracting fresh attention after a powerful rally and major ETF launch. ZEC has climbed nearly 70% recently, with gains near 350% this year. Grayscale Research now sees room for much larger upside. The firm outlined a scenario that could send ZEC toward $8,100. Meanwhile, Grayscale launched the first U.S. spot Zcash ETF. The move gives investors a simpler route into Zcash while boosting market visibility.

Grayscale Sees Zcash Challenging Bitcoin

Grayscale Research has presented a bullish case for Zcash over the next five years. The firm argues that ZEC remains undervalued despite the token's strong recent performance. ZEC has already gained nearly 70% over recent weeks and roughly 350% year-to-date. Those gains have pushed Zcash back into focus among traders searching for strong-performing large-cap cryptocurrencies. Zach Pandl, Grayscale's Head of Research, sees strong competitive potential for Zcash against Bitcoin.

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