Zcash Rally defies the crypto market crash to hit new heights. In a turbulent period, Zcash (ZEC) surged over 450%, reaching a four-year high of more than $260. This ascent is attributed to a renewed interest in privacy-focused assets, driven by increasing global financial surveillance.
Zcash Rally Amidst Market Chaos
As the crypto market faced one of its harshest liquidation waves, Zcash emerges resilient. The unexpected tariff announcement by President Trump led to nearly $20 billion in leveraged positions being wiped out. Yet, Zcash defied the odds, touching $282.59 on October 11 before settling at around $266. This represents a 15% daily gain, the strongest since late 2021.
The rally is partly due to a strategic shift by crypto traders towards privacy-centric projects. With global authorities ramping up financial surveillance, assets like Zcash, which offer enhanced privacy features, are gaining traction.
Why Is Zcash Price Rising?
Zcash’s recent performance has been bolstered by industry figures like Barry Silbert, founder of Digital Currency Group, who has actively promoted Zcash-related updates. Additionally, community members argue that Zcash remains undervalued. Mert Mumtaz, CEO of Helius Labs, highlighted Zcash’s nine-year operation as a proof-of-work, fully distributed network. He pointed out its user sovereignty, advanced encryption, and Bitcoin-like tokenomics as key strengths.
Mumtaz also noted a “renaissance” of developer activity, with new contributors focusing on performance improvements and exchange integrations. He described Zcash as “the most obvious mispricing in crypto,” with the community revitalising the project through the power of crypto and public markets.
Launched in 2016, Zcash uses zero-knowledge proofs to enable private transactions without revealing the sender, receiver, or amount. These features are absent in top cryptocurrencies like Bitcoin and Ethereum, making Zcash increasingly relevant as governments worldwide intensify financial surveillance.
*This article is for informational purposes only and does not constitute financial advice.*
Minimalistic landscape of a digital graph showing Zcash’s rising trend with a Zcash logo.
