Zcash Surges to $741 on Privacy Coin Rally Ahead of Halving
Zcash (ZEC) has rallied strongly, climbing more than 200% over the past 30 days and hitting an intraday high of $741 before settling near $684. Trading volume on major platforms surged 150%, while futures open interest rose 21% to $1.08 billion. The rally has been driven by renewed demand for privacy coins amid rising regulatory scrutiny, the upcoming halving event, and key technological upgrades such as zk-SNARKs and improved shielded transactions. Institutional interest and high-profile endorsements — including BitMEX co-founder Arthur Hayes’s $10,000 price target — have further fueled momentum. Other major assets like Bitcoin and Ethereum remained range-bound. However, the Relative Strength Index shows ZEC in overbought territory, signaling potential short-term volatility. Traders should monitor regulatory developments for privacy tokens and weigh risks, while long-term holders view the surge as validation of privacy-coin demand.
Bullish
The sharp price gains—over 200% in 30 days and a peak at $741—combined with a 150% jump in trading volume and rising futures open interest indicate strong bullish momentum. Catalysts such as regulatory scrutiny driving privacy-coin demand, the upcoming halving, network upgrades, and high-profile endorsements support further upside. In the short term, overbought RSI readings may trigger volatility or a pullback. Over the long term, halving and technical improvements reinforce Zcash’s fundamentals and could attract fresh capital, underpinning sustained growth.