Zcash has gained 37 percent after multicap capital disclosed a significant position in the privacy-focused cryptocurrency. The move comes amid broader interest in assets that offer protection from wealth seizure risks.
MultiCoin Capital, a US hedge fund managing 2.687 billion dollars in assets, revealed its exposure to ZEC. The disclosure has driven recent price action, with the token breaking out of a bullish continuation pattern and targeting 800 dollars, representing potential upside of around 40 percent from current levels.
