Zcash Gains Momentum, Bitcoin Deemed Undervalued by JPMorgan

Zcash Gains Momentum, Bitcoin Deemed Undervalued by JPMorgan

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Privacy-focused protocol Zcash (ZEC) has garnered significant support from industry experts, driving its native token price to multiyear highs. Concurrently, JPMorgan analysts have suggested that Bitcoin (BTC) is currently undervalued when compared to gold, despite recent market dips.

Privacy-focused protocol Zcash has received newfound support from industry experts and influencers, sending its native token price to multiyear highs this year.

JPMorgan said that the latest BTC price drawdown meant that Bitcoin was now undervalued compared to gold, in contrast to the end of 2024.