The privacy-focused cryptocurrency Zcash (ZEC) has stormed again into the crypto highlight. It not too long ago achieved a market capitalization of $12 billion, efficiently reclaiming a spot among the many high 15 digital property.
Parabolic Value Surge
The ZEC token has been on a major rally inside the final 2 months. It peaked at $734 on November 7, extending a blistering ascent that has seen its worth soar by roughly 850% for the reason that begin of October 2025.
This momentum was highly effective sufficient to push Zcash previous cycle-darling Hyperliquid. Moreover, the token reached value ranges not seen since early 2018. For context, whereas Zcash was hitting highs of over $734, main counterparts have been flagging. Bitcoin and Ethereum have been each down double-digit percentages, and the GMCI 30 index had slumped by 25%. ZEC’s efficiency, due to this fact, stood out as a stark outlier.
Nevertheless, the ZEC value has been going by a correction, lowering over 25% within the final 24 hours.
ZEC Reached $12B in Market Cap and Is Now in A Correction – Supply: CoinMarketCap
Drivers Behind the Rally
Supporters and analysts level to a confluence of ideological and technological components driving this dramatic turnaround. On the coronary heart of the narrative is a elementary reevaluation of digital privateness.
Nansen Senior Analysis Analyst Jake Kennis famous, “Privateness is more and more seen as a necessity moderately than a function.” Amidst international debates about monetary surveillance, this sentiment stimulates recent demand for self-sovereign, non-public transactions.
Study extra: DASH, ZEC Surge: Privateness Coin Ignites Crypto?
Technologically, Zcash is benefiting from its core structure. It makes use of zk-SNARKs (zero-knowledge proofs) to create “shielded” transactions, validating transfers with out revealing the sender, receiver, or quantity. Because of this, the sustained improve in Zcash’s “shielded provide” is seen as a key indicator of precise utilization and rising belief in its safety features.
Moreover, Zcash positions itself as an “encrypted Bitcoin.” This comparability stems from its strong tokenomics: it has a hard and fast most provide of 21 million cash and makes use of a Proof-of-Work (PoW) consensus mechanism. Coupled with an upcoming halving occasion that can additional scale back new issuance, this positions ZEC strongly towards its friends.
Moreover, this constructive value motion has naturally attracted the eye of high-profile buyers. Most notably, former BitMEX CEO and Maelstrom CIO Arthur Hayes publicly confirmed his assist.
As a result of speedy ascent in value, $ZEC is now the 2nd largest *LIQUID* holding in @MaelstromFund portfolio behind $BTC.
— Arthur Hayes (@CryptoHayes) November 7, 2025
Hayes introduced that resulting from its speedy ascent, ZEC had turn out to be the second-largest liquid holding in his household workplace’s portfolio, trailing solely BTC. Beforehand, he has additionally been bullish on Zcash’s future. Particularly, Arthur Hayes instructed on X that Zcash’s shielded transactions might energy the subsequent wave of “true DEXs,”even positing a value goal of $1,000. Such endorsements invariably entice recent capital.
