ZEC, XRP and AAVE Outpaced Bitcoin, Which Altcoin Gains Look Most Sustainable?
Share:
Bitcoin's rally past $80,000 (up 2.7% over the day and 24% over the week) lifted the crypto market while ZEC, XRP and AAVE outpaced BTC with double-digit weekly gains. Zcash surged past $800 to a brief $851 (38% weekly) amid Grayscale's amended filing to convert its Zcash Trust into a spot ETF on NYSE Arca, XRP saw active addresses jump 654.71% indicating stronger onchain adoption, and AAVE posted notable DeFi gains. The ETF filing remains subject to SEC approval, representing a regulatory risk despite positive token performance and potential funding and adoption upside.
Predictions Markets
See what traders are focused on
- Zcash has now surged past $800 for the first time since 2018 this week.
- Grayscale has filed to convert its Zcash Trust into a spot ETF on NYSE Arca now.
- XRP active addresses jumped 654.71 percent, according to onchain data shared.
Bitcoin’s rally past $80,000, up 2.7% over the past day and 24% over the past week, has helped lift the broader crypto market, but three altcoins outpaced it by a wide margin. ZEC, XRP and AAVE each posted double-digit weekly gains driven by distinct, asset-specific catalysts rather than momentum alone.
Zcash Surges on ETF Speculation
Zcash led the pack, climbing past $800 for the first time since 2018 and briefly touching $851, a 38% weekly move. The rally was driven largely by Grayscale’s fourth amendment to its filing to convert the Zcash Trust into a spot ETF on NYSE Arca under the ticker ZCSH, a filing that remains subject to SEC …
Read The Full Article ZEC, XRP and AAVE Outpaced Bitcoin, Which Altcoin Gains Look Most Sustainable? On Coin Edition.
Read More
Zcash vs Bitcoin: Grayscale Sees Room for ZEC to Gain Market Share
