Zcash ZEC Jump 40% To $743 Because Hayes Halving Boost
Zcash (ZEC) raise 40% go reach $743 for 24 hours, e dey lead another big rally for privacy coin dem. Before now, e don climb 15% from $315 go $362 and e show 430% monthly gain from mid-$60s low price. Trading volume jump plus 45% to $799 million. BitMEX co-founder Arthur Hayes don resume him target for $10,000 ZEC. E talk say November 18 halving, Grayscale $102 million institutional fund, and growing on-chain privacy demand na why. For October, Zcash shielded supply increase 13% go 4.9 million coins and daily private transactions rise 36%, dem dey show say people really dey use am. The raise also boost Monero (XMR), Dash (DASH), Decred (DCR) and ZK (ZK) by 7–40%. Even though short-term volatility and influencer wahala still dey, traders dey see the dip for near $300–350 as opportunity to buy.
Bullish
Zcash fast price gain and volume surge dey show clear bullish momentum. 40% jump reach $743 after before gain of 15% plus 430% monthly rebound show strong buying pressure. Growth for shielded supply and private transaction mean real network use dey happen. Arthur Hayes still dey target $10,000 ZEC, the halving wey dey come and $102 million Grayscale fund dey give solid fundamental support. The wider privacy coin rally for Monero, Dash, Decred and ZK still dey boost market confidence. For short term, traders fit benefit from volatility and hype, meanwhile long-term drivers like supply tightening and institutional inflows dey support sustained upside, make dem hold bullish view.