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Samson Mow says Zcash market cap too high as ZEC rally stalls

Bitcoin hardliner Samson Mow (샘슨 모우) questioned Zcash’s sharp rise, arguing its market capitalisation is excessive after the token surged more than 1,000 percent since the start of the year. He said Zcash’s value was artificially inflated and would revert to the mean, adding there was not enough speculative money to sustain its position as a top-10 cryptocurrency with a market cap above $22 billion. Zcash supporters pointed to network upgrades and shifting liquidity conditions.