ZEC Surges 2.42% Amid Grayscale ETF News, Orchard Protocol Advances, and Rising Institutional Demand

ZECUSDT has seen a 2.42% price increase over the past 24 hours, currently trading at 391.75 USDT on Binance, with a 24-hour opening price of 382.49 USDT. This upward movement is attributed to continued institutional interest, recent innovations such as the Orchard protocol, and regulatory developments including Grayscale's ZEC ETF application and positive signals from the U.S. regarding privacy coins. The asset remains volatile, with significant trading volumes and price swings between $373.93 and $417.93, reflecting active market participation and ongoing correction trends following its November rally and the broader influence of Bitcoin dominance in the altcoin market. Zcash’s market cap is approximately $6.45 billion, ranking 18th among cryptocurrencies, with 16.44 million ZEC circulating and a capped supply of 21 million.