Haciyev Reşit 
Zcash (ZEC) has been experiencing one of the most remarkable rallies in the crypto market in recent weeks. The privacy-focused cryptocurrency surged 21.6% in the past 24 hours and over 46% in the last week, reaching $361.99. This rally is fueled by growing demand for privacy-focused assets and anticipation surrounding the upcoming halving event.
ZEC Rally: Five-Year High
Zcash (ZEC), known for its privacy-oriented structure, has long maintained a unique position in the crypto market. Recently, it climbed to $361.99, marking its highest price level in five years. Over the past 24 hours, ZEC’s price has risen 21.61%, and 46.52% over the last seven days.
With a market capitalization ranking of 35th, ZEC’s 24-hour trading volume has reached $1.67 billion, indicating strong liquidity and heightened investor interest. Meanwhile, the global crypto market grew 3.88% during the same period, reaching $4.01 trillion, further supporting the overall bullish sentiment driving Zcash’s rally.
ZEC Price Analysis: Strong Momentum Amid Market Volatility
In the past 24 hours, ZEC has risen from $294.64 to test a peak of $370.11, indicating a 25.6% volatility range. Over the last 30 days, the cryptocurrency has surged an impressive 542%, making it one of the top-performing altcoins in the market.
Climbing to the top of trending lists, ZEC continues to attract investor attention with its growing search volume, increasing trading activity, and strong buying pressure.
Technical indicators show:
- Support level: $294.64
- Resistance level: $370.11
- RSI: 77 (in the overbought zone)
- Short-term outlook: While a short-term correction is possible, the overall trend remains bullish.
Arthur Hayes Predicts $10,000 Zcash Target
One of the key catalysts behind the recent ZEC rally was a bold prediction from BitMEX co-founder Arthur Hayes. In a post shared on X (formerly Twitter), Hayes forecasted that the price of Zcash could surge to $10,000.
This ambitious projection sparked a wave of optimism among ZEC investors, significantly increasing buying pressure and fueling further momentum in the ongoing rally.
Halving Excitement: Supply Tightens
Another major factor driving ZEC’s price surge is the upcoming Zcash halving event, expected to take place in November 2025. After the halving, daily ZEC issuance will be reduced from 3,200 to 1,600 coins, cutting the inflation rate from 8% to 4%.
Historical data shows that following the 2020 halving, ZEC surged by 170%, fueling investor expectations that the upcoming event could trigger a similar bullish rally. In addition, the use of Zcash’s privacy-focused “shielded pool” has been on the rise — with around 25% of the total supply involved in shielded transactions, highlighting continued demand for on-chain privacy.
Institutional Interest: The Grayscale Zcash Trust Effect
Institutional investors have also played a crucial role in ZEC’s recent rally. On October 26, Grayscale launched its new investment product, the Zcash Trust, allowing qualified investors to gain exposure to ZEC without the need for direct wallet management.
This move has opened a new institutional gateway for ZEC, with some analysts suggesting that it could pave the way for broader financial integrations — similar to CME futures contracts.
Zcash’s Rise Is No Coincidence
ZEC’s recent surge is not just a speculative spike it reflects a combination of strong structural factors:
- Arthur Hayes’s $10,000 price prediction, boosting market sentiment
- Halving-driven supply reduction, fueling scarcity
- Institutional demand through Grayscale’s Zcash Trust
- Rising privacy demand amid increasing regulatory pressure
While short-term corrections remain possible, the overall outlook for ZEC remains bullish. Having reached its highest level in five years, Zcash has once again emerged as one of the most closely watched assets in the crypto market.
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