According to CoinMeta, a research report by Grayscale indicates that Zcash ( ZEC ) has risen from around $60 to about $1,500 over the past year. However, they believe that the current valuation has not yet reached its ceiling, and the increase mainly reflects the previously low base and the large potential market. In terms of market value, ZEC accounted for less than 0.1% of BTC a year ago, and now it is about 1.5% of BTC. In contrast, the current market value of XRP is about 6% of BTC. During the 2017–2018 period, XRP, BCH, LTC, and DASH all reached at least 3% of BTC's market value. Grayscale believes that the demand for privacy protection technology is still likely to grow, and if Zcash can continue to maintain strong privacy features among similar cryptocurrencies, there is still room for further improvement in its market share.