XRP holders are hopeful the coin could perform as strongly as Zcash (ZEC) when the time comes.
The price of XRP in recent weeks has been discouraging, with a massive dip of 20% over the past month. Meanwhile, during this period, Zcash was on a historic run.
Zcash Spectacular Price Run
For context, as of September, ZEC traded at $40 while XRP traded at $3. From that point, ZEC went on a consistent uptrend, first reclaiming $100 in October, coinciding with Bitcoin’s $126,000 price at the time.
Notably, in the same October, ZEC hit $300, dipped to under $100, and then rebounded to $400 within the same month. Meanwhile, Bitcoin’s price dropped from $126,000 to just above $100,000.
Zcash largely ignored Bitcoin’s price action. Its rally continued even as Bitcoin fell below $100,000 to $98,900. Specifically, ZEC’s price has touched $750 as of today.
Indeed, ZEC’s recent performance has been spectacular. What’s particularly remarkable is that this growth occurred amid a largely bearish broader crypto market.
Its market cap expanded from just around $600 million to over $10 billion today. It also rose in rank from position 90 to its current number 14.
From $40 in September to today’s $750, Zcash surged 1,775%, nearly a 20X increase in just two months.
What if XRP Soars Like Zcash?
Given the high hopes around XRP, The Crypto Basic explored what XRP’s price could be if it mirrored Zcash’s performance.
At press time, XRP is trading at $2.31, having rebounded 4% today. If XRP were to surge 1,775% like ZEC, its price would reach $43.31. Notably, this price would give XRP a market cap of $2.6 trillion, above Bitcoin’s $2 trillion valuation.
Given the potential valuation XRP would reach at this price, some critics may call the outlook unrealistic.
However, XRP has a history that supports dramatic price surges. For instance, in November 2024, XRP traded at $0.50, and by January, the price had reached $3.34, marking a 568% gain. While impressive, this still pales in comparison to ZEC’s 1,775% increase.
Moreover, while ZEC’s market cap grew from $600 million to $10 billion, XRP’s current market cap of $183 billion means that reaching $2.63 would be a more formidable climb compared to its growth from $30 billion to $195 billion.
ZEC Still Has More Room
Meanwhile, ZEC may still have more upside potential. Despite surging over 18X, it is still trading 90% below its all-time high of $5,941, reached in October 2016.
Industry leaders like Arthur Hayes are increasing their bets on the coin. Specifically, the former BitMEX CEO has increased his fund’s position in Zcash, making ZEC his second-largest liquid holding after Bitcoin, and has predicted it could reach $10,000.
Zcash’s rally has been fueled by growing interest in privacy-focused projects and technological upgrades such as the Zashi wallet and Project Tachyon. Its zk-SNARKs technology enables full transaction privacy, attracting investors seeking encrypted alternatives to Bitcoin.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
