The anonymous cryptocurrency Zcash (ZEC) showed a significant increase, resulting from renewed demand for coins oriented towards confidentiality. At the moment, ZEC is trading at $51.67, having risen approximately 10% over the past 24 hours. Over the last month, the price of Zcash has increased by more than 40%, raising its market capitalization to $860 million.
The key indicator supporting this impulse is the total volume of protected ZEC emissions, which grew to 6484 ZEC on June 1. This increased the number of protected transactions to $1.26 million in just one day.
The total market capitalization of private coins currently stands at $8.8 billion, having increased by 1.3% over the last 24 hours. Most other cryptocurrencies in the market have only begun to recover following Bitcoin, which has risen above $105,000. It is worth noting that the growth of Zcash has not been hindered by the problems faced by ZEC. In April, the moment was again added to the voting on the delisting from Binance. Similar processes were observed on other crypto exchanges. The most confidential coin, Monero (XMR), also faced increased buyer pressure after being excluded from major cryptocurrency exchanges like Coinbase.
