Zcash (ZEC) jumps 40% after Multicoin Capital reveals major accumulation since Feb 2024

Zcash (ZEC) surged over 40% in a day, reaching $607 after Multicoin Capital disclosed it has been accumulating ZEC since February 2024. This move highlights growing interest in privacy-focused cryptocurrencies amid rising demand for financial autonomy. Technical analysis shows a bullish breakout with potential targets up to $800, supported by strong trading volumes and increased derivatives activity. Robinhood's recent listing of ZEC and upcoming protocol upgrades further boost market optimism.