ZEC Surges 15% in 24 Hours, Approaching $1,388

Zcash (ZEC) has surged approximately 15% over the past 24 hours, reaching a peak of $1,388 and approaching the $1,400 level. The privacy coin led gains amid a broader strength in privacy-focused cryptocurrencies. Bitcoin.com News reported on July 17 that Zcash's market capitalization has grown to $23.21 billion (approximately 3.18 trillion won), surpassing Monero by over $10 billion (roughly 1.37 trillion won) based on market cap rankings.

Bitcoin.com News also noted that multiple privacy coins recorded double-digit growth rates.