Zcash Price Prediction: ZEC Eyes $1,100 as the First US Spot ETF Lands and Pepeto Could Be the Biggest Winner of This Cycle

According to BlockchainReporter, Zcash trades at $843, marking a 57% increase over August. Grayscale launched the first US spot ZEC exchange-traded fund on the New York Stock Exchange on August 25, enabling ordinary share-trading accounts to hold the asset. Regulators concluded a two-year investigation into the group behind Zcash in January without bringing charges. Traders indicate that if buyers clear the $888 monthly high, the next target level is $1,100. Analysts note that Zcash has a $14 billion market capitalization, while its 2018 record price reached $3,191.

Simultaneously, the presale project Pepeto has raised over $10.9 million ahead of an anticipated Binance listing. Built by a cofounder of the original Pepe coin, Pepeto features an exchange platform with free token swapping and bridging across the Ethereum, BNB Chain, and Solana networks. A security firm, SolidProof, reviewed the platform's code scanner. Staking locked tokens offers an initial 164% annual return rate, which decreases as more tokens are locked.