Zcash (ZEC) token surged more than 12% as privacy coins, including Monero, experienced decent gains following Bitcoin's spike above $111,000.
ZEC token rose from $30 in February to over $50, with potential future target at $300 according to a crypto analyst.
The surge in Zcash price is supported by integration with decentralized liquidity protocol Maya and overall positive sentiment towards privacy coins.
Bulls are optimistic about ZEC's potential to reclaim support above $50, with targets set at $75, $100, and potentially 2022 highs above $177, while a bullish outlook suggests a breakout target at $308.461.