Chinese Founder Compares This Altcoin to Bitcoin, Predicts a Major Rally: “It Has a Chance to Overtake BTC!”

While major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are trending downwards, some altcoins are attracting attention with their upward movements.

These altcoins include privacy and quantum-resistant altcoins such as ZEC, QRL, and STRK.

As the downward trend continues in the cryptocurrency markets, Qiao Wang, co-founder of Alliance, shared his noteworthy analysis.

Qiao Wang, the founder of AllianceDAO, who shared a post from account X, argued that the value of Zcash (ZEC) could reach up to 20% of the BTC market capitalization.

Qiao Wang set a conservative target in his baseline scenario, suggesting that Zcash’s market capitalization would be between 3% and 5% of Bitcoin’s.

And he suggested that BTC holders could invest a portion of their funds in ZEC for hedging purposes.

Wang argues that in a more aggressive scenario, ZEC could reach 15% to 20% of BTC’s market capitalization.

He based this claim on the historical silver-gold price ratio. At this point, Wang stated that a more aggressive target for ZEC, reflecting the historical silver-gold price ratio, would be 15-20% of Bitcoin’s market capitalization.

Wang also added that ZEC has a chance of surpassing BTC in the event of a catastrophic event for Bitcoin, such as a sell-off potentially initiated by the big bull Michael Saylor, or a quantum computer attack.

ZEC, which rose 12% in the last 24 hours, experienced a 26% increase in the last week and currently has a market capitalization of approximately $10.9 billion.

*This is not investment advice.

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