After Naval Ravikant Endorsement, Zcash Rally May Continue Amid Privacy Narrative, Faces Overheating Risk

Zcash rallied after a high-profile endorsement and technical upgrades, jumping from about $53 to $154 in one week as traders bought into the financial privacy narrative. ZEC’s surge was driven by Naval Ravikant’s endorsement, futures market froth, and a planned NU7 upgrade promising quantum-proof ￰0￱ surged 62% in one day and doubled for the week Catalysts: Naval Ravikant endorsement, privacy narrative, NU7 upgrade Warning signs: CryptoQuant “overheating” and ~$21M Exchange Netflow Zcash rally: ZEC price doubled after Naval Ravikant’s endorsement; monitor futures and exchange flows for possible ￰1￱ how traders are ￰2￱ did Zcash rally this week?

Zcash rally accelerated after investor Naval Ravikant publicly described ZEC as “insurance against Bitcoin,” rekindling the financial privacy ￰3￱ endorsement, combined with anticipation around the NU7 upgrade and heavy futures activity, pushed ZEC from roughly $53 to a three-year high above $150. How large was the price move and where did it peak? On 1 October ZEC jumped ~62% intraday and extended gains to more than double for the ￰4￱ price moved from about $53 to a three-year high near $154.4 on major exchanges, according to TradingView price data.) Will the uptrend continue? ZEC price momentum can persist if the financial privacy narrative and technical upgrades maintain traction.

However, on-chain metrics show elevated futures activity and exchange flows consistent with late-stage rallies, which raises the risk of a short-term ￰5￱ Zcash’s pullback likely? CryptoQuant’s Futures Volume Bubble Map flagged ZEC in an “overheating” phase, historically associated with local ￰6￱ readings preceded local highs in ￰7￱ with heavy exchange outflows, the data point to a meaningful chance of a near-term pullback or consolidation.