$1 Trillion Altcoin Breakout: What Big Money Move Into ZEC, XRP, and DOGE Really Means
By the middle of the first week of May, the TOTAL2 index by TradingView, meaning the capitalization of altcoins excluding Bitcoin, stabilized above the psychological $1 trillion mark, reaching $1.051 trillion. Against the backdrop of a broader risk-on environment and the de-escalation talks in Middle East, capital began distributing across the market in a more targeted way as XRP, Zcash (ZEC), and Dogecoin (DOGE) came into focus, being three coins each representing its own growth model: from scarcity-driven hype to institutional recognition. 3 coins driving the crypto markets new risk-on phase Zcash (ZEC) became the leader of the week, posting gains of more than 70% and breaking above $585. Not only did Multicoin Capital, the fund known for buying Solana (SOL) at $0.04-$0.23 during 2018-2020, officially confirm the formation of a significant position in Zcash, but a fundamental supply shortage also affected the price as nearly 30% of the coins total supply is now held in shielded addresses, marking a historical high and limiting available exchange supply for ZEC. XRP Lines Up for $2 Target as Key Bollinger Bands Hurdle Cleared; Zcash (ZEC) to Grab 10% of Bitcoin Price, Predicts BitMEX Founder; Dogecoin (DOGE) Ends $0 ETF Streak Amid May 2026 Altseason – Morning