Zcash (ZEC) Price is back in the spotlight after a stunning 30% price jump in just 24 hours, triggered by a bold prediction from BitMEX co-founder Arthur Hayes.
The token soared from $272 to $355 following Hayes’ “vibe check” post on X, where he hinted that the Zcash price could eventually hit a whopping $10,000.
This bullish call sent traders rushing in, pushing Zcash’s market capitalization past the $5 billion mark for the first time.
Arthur Hayes’ Ignites FOMO
Arthur Hayes has a reputation for moving markets, and this time was no different. His simple post was enough to create massive fear of missing out (FOMO) among traders.
Binance Square contributor AB Kuai Dong said Hayes’ endorsement, given his status as a “legendary investor,” made everyone “follow the trend and join in,” turning it into a full-blown market frenzy.
Many traders on X admitted they couldn’t resist jumping in, with one user named Clemente confessing,
“I was filled with so much FOMO I couldn’t stay sidelined.”
DeFi analyst Ignas said that Zcash’s sudden surge in hype shows how crypto trends spread quickly. At first, people see the coin everywhere on social media and feel unsure because it’s an old project. But as the price keeps rising, curiosity turns into fear of missing out, and many end up buying just to join in.
Once they buy, they start liking and sharing more Zcash posts, which makes the hype grow even more. Ignas admitted he did the same, showing how easy it is to get caught in this loop.
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Privacy Tokens Gain Attention Again
Beyond Hayes’ influence, the rally also reflects renewed investor interest in privacy-focused cryptocurrencies amid growing global scrutiny over encryption and digital privacy. Zcash’s technology, built on zero-knowledge proofs, allows users to make either transparent or fully shielded transactions, ensuring total privacy for senders, receivers, and amounts. Traders are seeing Zcash and similar projects as a potential hedge against increasing government control over digital assets.
Fellow privacy token Monero (XMR) also saw a modest 3.6% gain to $346, though it remains restricted or delisted on major exchanges such as Binance, OKX, and several European platforms. Despite regulatory challenges, the renewed attention toward privacy tokens suggests the sector could see a broader revival if the momentum continues.
ZEC Price 490% Monthly Run and Market Sentiment
The past month has been phenomenal for Zcash, with a 490% surge in just 30 days, outpacing nearly every other top coin. The broader market sentiment remains cautiously optimistic, as Bitcoin holds steady near key resistance levels and altcoins begin to show strength. Zcash’s explosive rise suggests that traders are seeking high-risk, high-reward bets, particularly in niche sectors like privacy coins.
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FAQs
Zcash is a privacy-focused cryptocurrency. It uses “zero-knowledge proofs” to let users choose between transparent transactions or fully shielded, private ones that hide sender, receiver, and amount.
ZEC surged after BitMEX co-founder Arthur Hayes hinted it could reach $10,000, sparking trader FOMO and renewed demand for privacy tokens.
You can buy Zcash on major exchanges like Binance or Coinbase. Create an account, verify your ID, deposit funds, and place a buy order.
Zcash has shown impressive short-term gains, but its price is highly volatile. As a privacy coin, it also faces regulatory uncertainties. Consider your risk tolerance and invest only what you can afford to lose.
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