Zcash’s ZEC Hits Record $7B Market Cap Amid Pre-Halving Rally
Zcash’s native token ZEC has reached a new all-time high market cap of over $7 billion, following a swift 24-hour price gain of around 11%. This rally builds on earlier 28% surges and reflects growing trader optimism ahead of next month’s Zcash halving. The halving event will cut block rewards and new ZEC issuance in half, tightening supply and historically spurring bullish momentum. Traders should track on-chain metrics, liquidity flows, volatility, and trading volume as the halving approaches to position for potential price swings.
Bullish
The upcoming halving event will cut ZEC issuance, reducing supply and historically triggering price rallies in both short and long-term. The rapid market cap growth and significant 24-hour gains indicate strong trader demand and positive sentiment. In the short term, reduced issuance can increase volatility and trading volume as participants reposition ahead of the supply shock. Over the longer term, a tighter supply schedule may support sustained price appreciation, especially for a privacy-focused asset like Zcash with growing market interest.