The debate between bitcoin (BTC) and Zcash (Zec) communities intensified on Sunday as the price of Zcash recovered to more than $700, after falling to a low of $598 on Saturday.
“‘Only Bitcoin, everything else is mostly a scam’ is going to be really twisted trying to figure out what to say about Zcash,” CEO of Investment Firm Bitwise, Hunter Horsley, said On an X post, ignoring a storm of responses.
“No, we’re pretty comfortable calling the clearly coordinated pump and dump of a VC coin a scam,” Bit Paine said In response, consult Zcash’s 1,500% rally From October.
Mert Mumtaz, CEO of Remote Procedure Call (RPC) node provider Helius and a Zcash supporter, agreed with Horsely and Described Criticism of the privacy coin Bitcoin community as conspiracy theories.
Zcash broke the previous eight-year high in October and flipped Monero (XMR) to become the leading privacy coin by market capitalization, boasting a market cap of over $11.2 billion at the time of this writing and Changing the privacy conversation in the crypto industry.
Related: Truth behind the return of privacy-focused protocol ZCASH in 2025
The Zcash Rally revived the conversation around privacy, as industry executives rallied around it
Zcash is ranked as the 12th largest crypto by market capitalization, according to CoinmarketCap, Close to breaking the top 10 By not deleting the native Cardano Network token (There is), with a market cap of over $17 billion at the time of this writing.
In November, Arthur Hayes, founder of the Bitmex crypto exchange, said that Zcash is now the Second largest investment held by Maelstromhis family office, with BTC being the largest liquid asset owned by the fund.
https://www.youtube.com/watch?v=C8Z5LC_IYCQ
Leap Therapeutics, a biotech company, Rebranded in Cypherpunk Technologies, a Zcash Treasury company, on Wednesday, with backing from the Winklevoss Twins’ Winklevoss Capital, which caused shares in Spike more than 170% In the news.
The meteoric price rally has revived talks about Integrating privacy into the Bitcoin Protocol by reactivating a bitcoin opcode known as OP_CAT, which can enable privacy and other advanced features native to the Bitcoin protocol.
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