Zcash price may hit $800 as $2.7B hedge fund reveals ‘significant position’ in ZEC
Robinhood’s ZEC listing, easing US–Iran tensions and a shrinking liquid supply of tokens are further strengthening the bullish outlook for Zcash in the coming weeks....
Key takeaways
- 1Multicoin Capital, managing $2.7B in assets, revealed significant ZEC position accumulated since February, triggering 43% rally in 24 hours.
- 2Zcash technical chart shows bull flag breakout targeting $800, representing 40% upside from $607 current trading level.
- 3Robinhood's ZEC listing in April opened access to 25.9 million users; 30% of circulating ZEC now in shielded addresses indicating tightening supply.
Coins in this story
Why it matters
Institutional validation combined with exchange accessibility and supply constraints could drive ZEC higher, but Indian investors should note privacy coins face regulatory scrutiny globally and RBI restrictions apply to crypto holdings domestically.
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