Zcash rises 47% as broad altcoin market revives

Several altcoins are showing strong price gains as the broader market picks up. Zcash (ZEC) takes the crown with a 47.1% gain in 24 hours, bringing the price to $827.02. Bitcoin Cash, Cardano, Dogecoin and a range of other coins are also posting notable gains. The moves follow a broader market rally that also saw Bitcoin surge earlier.

In brief:

• Zcash rises 47.1% to $827.02, the biggest winner in this overview
• Bitcoin Cash (+31.4%), Cardano (+19%) and Dogecoin (+17.7%) follow with strong gains
• The increases are visible across a broad section of the altcoin market

Zcash and Bitcoin Cash lead the list

Zcash is the most striking riser at the moment. Based on data from CoinGecko, the privacy coin rose 47.1% in a single day to $827.02, with a trading volume of more than $2.25 billion.

Bitcoin Cash follows with a gain of 31.4% to $299.49. Canton (CC) is up 20.4% and now stands at $0.1223. Both coins are posting gains that also stand out over the longer term: Zcash is 70.2% higher over 30 days, while Bitcoin Cash is up 43.9%.

Broad recovery visible across multiple coins

Cardano rose 19% in 24 hours to $0.2563, while Dogecoin and WhiteBIT Coin each gained 17.7%. Stellar climbed 16.2% to $0.2195 and Chainlink added 13.3% to $12.58. Hyperliquid (HYPE) rose 11.9% and is trading at $81.50.

The gains are broadly distributed across the market, although trading volumes vary considerably from coin to coin. Dogecoin has the highest daily volume in this overview at over $2.38 billion, followed by Hyperliquid with nearly $1.9 billion. Monero rose 8.7% to $458.41 on a considerably lower volume of $173 million.

Reporting on sharp price movements in crypto always comes with the caveat that prices can fluctuate strongly. Anyone trading in altcoins would do well to account for the risk of a significant pullback after rapid rises.