Zcash has risen 19 times in the past year, and Grayscale believes its market value is still undervalued

According to Bitcoin.com News, Zcash has risen about 19 times in the past year, with a market value of less than 1% of Bitcoin. As of August 29th, the market value of Bitcoin was $1.56 trillion, and the market value of Zcash was $13.74 billion. Grayscale estimates that if ZEC reaches 2%, 5%, and 10% of Bitcoin's market value, the corresponding prices would be $1622, $4054, and $8109, respectively. On August 25th, Grayscale's Zcash ETF began trading on NYSE Arca under the ZCSH code. Zcash adopts proof of work and a fixed supply of 21 million units, supporting the hiding of transaction details through zero knowledge proof. Its intents technology can coordinate cross chain transactions.