Zcash gained about 42% over seven days from a weekly low near $554 to $778.35 on August 26 at 5:55 PM UTC, according to CoinMarketCap, lifting its market capitalization to around $13.1 billion. The token was up about 59% over the past month and about 350% year to date, although its market value remained below 1% of Bitcoin’s. Grayscale Research said ZEC could rise above $1,622 if it captured 2% of Bitcoin’s market capitalization and approach $8,100 by 2030 at a 10% share. The figures are scenarios based on market-share assumptions, not forecasts or guarantees. Grayscale launched the ZCSH spot ETF on NYSE Arca on August 24 after converting its existing Zcash Trust, giving U.S. investors exposure to ZEC without directly holding it. The ETF reportedly had about $260 million in assets around launch. Grayscale head of research Zach Pandl said rising demand for financial privacy, partly driven by increasingly capable artificial-intelligence tools, could strengthen Zcash’s position against Bitcoin. The network’s privacy technology, efforts to address future quantum-computing risks and connections with other blockchain networks were also cited. Zcash’s Ironwood upgrade in July addressed a vulnerability in its Orchard shielded pool. The rally later eased, with ZEC down about 2.38% on Wednesday as trading volume fell by $10% to $1.24 billion amid reactions to the PCE inflation report and crypto options expiry.