Hyperliquid has moved ahead of Zcash by market value, according to CoinGecko. Hyperliquid is valued at $22 billion against $21.4 billion for Zcash.
Hyperliquid has overtaken Zcash in market capitalization, according to a CoinGecko report. Hyperliquid's native token, HYPE, now carries a valuation of $22 billion, while privacy-focused Zcash stands at $21.4 billion.
Both have recently ranked among the top 10 cryptocurrencies on market cap lists that exclude stablecoins, reflecting a competitive environment for these digital assets.
Crypto Briefing says the move fits recent trends that place Hyperliquid in the top tier of non-stablecoin cryptocurrencies. It adds that market participants appear to see the development as supportive of further potential growth in Hyperliquid's valuation.
Crypto Briefing lists a few things to watch next. New announcements or partnerships involving Hyperliquid could influence its valuation, and responses from figures such as Changpeng Zhao of Binance or Brian Armstrong of Coinbase may affect sentiment. Changes in Hyperliquid's ranking on major exchanges and regulatory developments could also bear on its standing.
Source: Crypto Briefing
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