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Grayscale: XRP’s Near-6% Bitcoin Valuation Sets a Benchmark for Zcash

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: XRP is valued at nearly 6% of bitcoin’s market capitalization, a level Grayscale cites as context for how far rival digital currencies can grow. Zcash rose from under 0.1% to about 1.5% of bitcoin’s value in a year, and the firm says it has not hit a valuation ceiling. XRP, Zcash, and Litecoin Share Bitcoin’s […] Crypto Insight Analysis: Direction: Bullish ZEC / Neutral XRP / Neutral LTC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Grayscale's analysis suggests Zcash has room to grow, while XRP and LTC remain stable.

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