Zcash surges 65%, overtakes Cardano as 11th largest crypto by market cap

Zcash (ZEC) has surged 65% in the past week, surpassing Cardano (ADA) to become the 11th largest cryptocurrency by market capitalization, valued at $9.824 billion. This rally follows Multicoin Capital's significant investment in Zcash, highlighting its privacy features and potential quantum-resistant upgrades. ZEC's price has risen 88% in the last 30 days and 1278% this year, with potential to climb further if momentum continues. The close market cap difference with Cardano leaves room for shifts in rankings soon.