Zcash Hits New YTD High As Multicoin Discloses ZEC Bet
Zcash extended one of the strongest recent moves in the large-cap segment, setting a new year-to-date high of $590 after rallying more than 80% in six days. The move came as Multicoin Capital co-founder Tushar Jain disclosed that the firm has built a “significant position” in ZEC since February, framing the trade as a bet on renewed demand for private, seizure-resistant assets. The disclosure added a high-profile institutional voice to a rally that had already pushed ZEC through key technical levels. Crypto analyst Cheds Trading posted a ZEC chart and described the move as “Strong....
Related News
Arthur Hayes has put Zcash at the center of his crypto thesis, saying in an interview with Unchained founder Laura Shin that ZEC is now “probably my largest position outside of Bitcoin.” The BitMEX co-founder framed the trade as a bet on rising demand for financial privacy as AI, Big Tech and governments make public-chain activity easier to analyze. Hayes said he views Zcash as the strongest privacy asset in crypto, while acknowledging that the debate between Zcash, Monero and other privacy coins remains unsettled. “I think Zcash is the best,” Hayes said. He added that he is “not a....
Multicoin Capital co-founder Tushar Jain said the firm’s recent investment in Zcash was driven by a convergence of stronger market traction, improving infrastructure and a broader return to crypto’s privacy roots. Speaking on the latest Bankless podcast released May 19, Jain argued that Zcash has moved from a “left for dead” asset into a credible private store-of-value contender. Jain said Multicoin had watched Zcash for years without being convinced. The asset, in his view, had long suffered from weak attention, poor usability and limited evidence that privacy demand could translate into....
Although the hunger for quality multicoin wallet solutions is undeniable, finding them is no easy task. Especially considering that some of the very best ones have no commercial backing, and are true open source “labor of love” projects that solely rely on the generosity of the users. CCN gets straight to the heart of the matter with the first installment of the Multicoin Wallet Roundup Series and presents you the following candidates. The ALL-CoinWallet-QT multicoin wallet is a very simple open source QT-based multiCoin wallet coded in C#: The Orca RPC multicoin wallet server is perfect....
Days after the launch of Zcash, the cryptocurrency markets are still attempting to value the newly released digital currency (ZEC). While 1 ZEC is trading at roughly twice the price of bitcoin (1 ZEC was worth 1.91 BTC, or $1,388, at press time), this means movements have calmed since tumultuous early trading sessions. But with limited supply and high demand still propping up prices, digital currency traders largely say Zcash has a long way to go before it becomes less of a speculative investment. Petar Zivkovkski, director of operations for leveraged bitcoin trading platform Whaleclub,....
Solana could see its biggest treasury bet to date with Galaxy Digital, Jump Crypto, and Multicoin Capital reportedly lining up a $1 billion plan. Galaxy, Jump, Multicoin Are In Talks Over New Solana Treasury As reported by Bloomberg, Galaxy Digital, Jump Crypto, and Multicoin Capital are looking to raise funds to accumulate $1 billion in […]