While the rest of the crypto market has shown more signs of an intensifying bear market, Zcash (ZEC) is making major waves. Over the last 30 days, the privacy-focused coin has surged by around 60%, while Bitcoin (BTC) and Solana (SOL) have remained relatively quiet, each slipping by single digits in the same timeframe.<\/p>\n
Nevertheless, Alex Cardichi, market expert from The Motley Fool, argues that Bitcoin, Solana and Zcash have several potential catalysts remaining this month that could trigger a fresh rebound rally.<\/p>\n
In his latest report<\/a>, Cardichi starts by discussing Bitcoin, citing the United States\u2019 holdings of around 328,000 seized coins. He refers to comments made by White House advisor Patrick Witt on 6 May, when Witt revealed that a significant update on the Strategic Bitcoin Reserve is anticipated \u2018in the next few weeks\u2019.<\/p>\n Cardichi argues that a positive announcement, especially one that provides clearer details on the status of the reserve, could push Bitcoin back towards six-figure levels. Currently, the market\u2019s leading cryptocurrency has fallen from $82,000 last week to $76,300.\u00a0<\/p>\n Solana is the second focus. Cardichi calls out a major technical development<\/a>: the chain\u2019s upcoming Alpenglow upgrade. If everything goes to plan, the upgrade could roll out as soon as the third quarter of this year.\u00a0<\/p>\n From Cardichi\u2019s perspective, the upgrade\u2019s improvements aren\u2019t only about performance for its own sake. He suggests that if Alpenglow delivers the results Solana developers expect, it could become a practical incentive for financial institutions looking to transition parts of their workflows onto blockchains.<\/p>\n In that context, he points to this year\u2019s third quarter as a possible turning point for Solana and its native token, particularly if testing supports the Alpenglow upgrade\u2019s <\/a>promised impact. For now, SOL is trading at $84, down 11% over the past seven days.\u00a0<\/p>\n Finally, Cardichi turns to Zcash, one of the best-performing tokens in the market,\u00a0 noting that in January, the entire engineering team behind Zcash\u2019s original developer<\/a>\u2014Electric Coin Company (ECC)\u2014resigned amid an internal governance dispute.\u00a0<\/p>\n Despite that upheaval, Zcash has since surged, rising about 127% over the last three months. Instead of proving fatal, Cardichi argues the disruption became the start of a new phase.\u00a0<\/p>\n After the engineering team exited, they formed a new organization called Zodl and raised $25 million from firms including Andreessen Horowitz (a16z) and Winklevoss Capital in early March.\u00a0<\/p>\nZcash After The ECC Exit<\/h2>\n