According to CoinMeta, Zach Pandl, the head of grayscale research, stated that over the past year, the price of ZEC has risen from around $60 to about $1,500, and the market value of ZEC as a proportion of Bitcoin's total market value has increased from less than 0.1% to around 1.5%. He believes that if Zcash continues to offer privacy features that are superior to other cryptocurrencies, there is still room for it to expand its market share.