Zcash (ZEC) Price: ZEC Smashes 8-Year High Above $800 as Grayscale Pushes Spot ETF

TLDR

• Zcash surged nearly 38% to over $814, surpassing its January 2018 peak for the first time in eight years
• Grayscale filed its fourth amendment to convert its Zcash Trust into a spot ETF on NYSE Arca under the ticker ZCSH
• DCG International Investments is in non-binding talks to acquire roughly 200,000 ZEC, worth around $163 million
• Zcash futures volume hit approximately $4.55 billion on Friday, with open interest near $1.35 billion
• Zcash now ranks 12th by market value at $13.87 billion, ahead of all other privacy-focused tokens

Zcash (ZEC) broke past $800 on Saturday for the first time since January 2018. The token hit a high of $851 during a 24-hour swing that also saw it trade as low as $589.

The rally came after a 17.49% gain on Friday, when ZEC climbed to $668.60. That move was already one of the biggest single-day gains in the broader crypto market that day.

The price surge pushed Zcash above its January 2018 peak of around $800, a level that had held as the token’s all-time high for eight years. It also cleared the $750 mark it reached last November.

… Continue reading the full article at the original source below.