Zcash Market Cap Hits $10.6B as Privacy Tokens Rally
Zcash (ZEC) surged to a record high of $655 before stabilizing at $632, driving its market cap past $10.6 billion and ranking it the 12th-largest cryptocurrency. The token gained 23% in 24 hours and 63% over the past week, fueled by renewed demand for on-chain privacy and zero-knowledge proof technology. Trading volume topped $1.6 billion in 24 hours as rival privacy tokens also rallied: Dash (DASH) rose 141%, ZKsync rose 122%, and Decred (DCR) climbed 96%, while Monero (XMR) lagged with a 12% increase amid liquidity and regulatory challenges. Zcash’s hybrid model of transparent and shielded addresses has improved exchange and institutional custody adoption. Grassroots advocacy from figures like Arthur Hayes and Naval Ravikant has amplified Zcash’s privacy narrative, positioning it as a frontrunner in the 2025 privacy revival.
Bullish
Zcash’s rapid ascent to a $10.6 billion market cap and record price highs, combined with surging trading volumes and broad gains across privacy tokens, underscores strong bullish momentum. In the short term, traders may chase further upside as on-chain privacy demand intensifies. Over the long term, Zcash’s hybrid address model and growing institutional acceptance, bolstered by endorsements from figures like Arthur Hayes and Naval Ravikant, support sustained demand and price appreciation.