Zcash jumped about 20% in 24 hours, briefly touching $1,023 and pushing the token into the top 10 cryptocurrencies by market cap. The move comes alongside large gains over the past month and year, plus tens of millions of dollars in liquidated leveraged positions.
Zcash (ZEC) surged about 20% in 24 hours, briefly reaching $1,023. The move lifted its market cap to roughly $16.96 billion. ZEC is now the 10th-largest cryptocurrency by market cap.
The token's climb extends well beyond the past day. ZEC has gained about 94% over the past 30 days and more than 2,300% over the past year.
Futures open interest stands near 2.3 million ZEC, worth about $2.3 billion. Around $36.6 million in leveraged ZEC positions were liquidated in 24 hours. That included $34.5 million in short positions.
Source: Coinpedia Fintech News (snippet-based)
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