While major cryptocurrencies like Bitcoin ($BTC) and Ethereum (ETH) are trending downwards, some altcoins are attracting attention with their upward movements.
These altcoins include privacy and quantum-resistant altcoins such as $ZEC, QRL, and STRK.
As the downward trend continues in the cryptocurrency markets, Qiao Wang, co-founder of Alliance, shared his noteworthy analysis.
Qiao Wang, the founder of AllianceDAO, who shared a post from account X, argued that the value of Zcash ($ZEC) could reach up to 20% of the $BTC market capitalization.
Qiao Wang set a conservative target in his baseline scenario, suggesting that Zcash’s market capitalization would be between 3% and 5% of Bitcoin’s.
And he suggested that $BTC holders could invest a portion of their funds in $ZEC for hedging purposes.
Wang argues that in a more aggressive scenario, $ZEC could reach 15% to 20% of $BTC’s market capitalization.
He based this claim on the historical silver-gold price ratio. At this point, Wang stated that a more aggressive target for $ZEC, reflecting the historical silver-gold price ratio, would be 15-20% of Bitcoin’s market capitalization.
Wang also added that $ZEC has a chance of surpassing $BTC in the event of a catastrophic event for Bitcoin, such as a sell-off potentially initiated by the big bull Michael Saylor, or a quantum computer attack.
$ZEC, which rose 12% in the last 24 hours, experienced a 26% increase in the last week and currently has a market capitalization of approximately $10.9 billion.
*This is not investment advice.
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