Zcash (ZEC) recorded an approximate 8% increase to around $340 following its listing on Robinhood, despite a roughly 1% decline in the broader cryptocurrency market capitalization. This development coincides with growing expectations regarding Grayscale’s potential conversion of its Zcash Trust into a spot ETF, which could attract $500 million to $2 billion in inflows if approved. In addition, a $25 million funding round led by Paradigm, a16z, and Coinbase Ventures has further reinforced the upward momentum, suggesting a structural shift rather than a short-term rally. Analysts are currently monitoring the $390 level as a key confirmation threshold, with potential upside targets at $600 should favorable market conditions persist ⏫🆙⏫

ZECUSDT

Perp

354.93

+0.08%

DASHUSDT

Perp

35.05

-4.36%

ZENUSDT

Perp

5.982

-1.35%