Newslink: Zcash Spikes 45% and Ethereum Price Gains 4% in $21 Billion Crypto Market Rebound
On May 14, privacy-focused cryptocurrency Zcash experienced a 55 percent increase in price after being listed on Gemini, one of the largest cryptocurrency exchanges in the US led by the Winklevoss twins. Subsequent to the official announcement of Gemini, the price of Zcash increased from 0.0293 to 0.0456 BTC, by nearly two-fold.
Gemini CEO Cameron Winklevoss told Bloomberg in an interview said that privacy-focused cryptocurrencies like Zcash have struggled to gain large market valuations in the past due to concerns from investors towards potential crackdown by authorities, as seen in the Japanese cryptocurrency market as of recent.
“Part of the reason a coin like Zcash has a smaller market cap is because people are not sure if regulators will ever get comfortable with this type of technology. Today demonstrates that through education and collaboration and with the right controls in place, regulators can get comfortable with privacy technology,” said Winklevoss.
https://www.ccn.com/cryptocurrency-market-rebounds-by-21-billion-zcash-up-by-45-ether-rises-4/