The rapid rise seen in Zcash enabled the platform to surpass Cardano in total market value. While Zcash’s market value reached $9.824 billion, Cardano was right behind it with $9.81 billion. Following this development, Zcash ranked 11th in the cryptocurrency rankings and Cardano fell to 12th place.
Rapid increase in Zcash price
Zcash (ZEC) draws attention with its 88 percent gain in value in the last 30 days. It has increased by 1278 percent since the beginning of the year. Currently trading at $587, ZEC is behind its peak of around $750 in November 2024. According to analysts, this rise can be sustained if interest continues. However, the critical resistance point is between $600 and $650; ZEC had previously moved sideways in this band for a long time near the end of 2024.
Competition in market value rankings
The market cap difference between Zcash and Cardano is only around $10 million. This shows that the places of the two cryptocurrencies may change again in the coming period. Especially in the market where the volatile trend continues, it is followed with curiosity who will take the 11th place. In possible new fluctuations, a different cryptocurrency may prevent these two projects.
ZEC increased by 88 percent in 30 days, reaching $587, and has increased by 1278 percent since the beginning of the year. The low market value difference shows that there may be short-term changes in the rankings of Zcash and Cardano.
Critical levels for Cardano
Investors and market experts consider it important for Cardano to remain above the $0.25 level for its recovery. It is stated that if ADA can maintain this threshold, the price may rise up to $0.53. Such a rise will make it possible for Cardano to climb back to the top and surpass Zcash.
Developments show that Cardano can re-enter the top 11 ranks in the short term with the potential to increase its market value. However, due to high volatility, such position changes can occur instantaneously.
CryptoAppsy According to data, the current price of Zcash is at $ 587.
