What’s Happening With This Altcoin: Huge Surge, Arthur Hayes Makes $10,000 Claim

Privacy-focused cryptocurrency Zcash (ZEC) has re-entered the top 20 cryptocurrencies with a strong rise today. ZEC's market capitalization reached $10.9 billion, surpassing Hyperliquid's $10.8 ￰0￱ price of ZEC briefly hit $750 earlier today and is currently trading at $721.91. This represents a 38.93% increase over the past 24 ￰1￱ puts ZEC at its highest price since early 2018. However, this remains well below its all-time high of over $3,000, reached in October 2016 when supply was extremely limited, according to CoinGecko ￰2￱ showing the rise in ZEC ￰3￱ Hayes, one of the leading names in the crypto market, shared his position in his portfolio after the sharp rise in Zcash: “Due to its rapid price increase, ZEC is now the second-largest liquid asset in my Maelstrom Fund portfolio, after BTC.

ZEC's private transactions will power the next wave of true ￰4￱ is heading to $10,000.” Related News: Big Bull Arthur Hayes Predicts How High Bitcoin Prices Could Go - “If US Politicians Want to Get Re-elected...” Analysts and community members point to several factors that have triggered ZEC's recent sharp rise: Re-emergence of financial surveillance and privacy debates in Europe Growing interest in Zcash's mobile wallet integrations ZEC exceeds key levels in technical models and on-chain metrics Increasing trading volumes and signs of revival spreading to the market Zcash has a blockchain structure that allows users to optionally hide their ￰5￱ can hide their transaction history by moving their tokens to special addresses called “privacy pools.” *This is not investment ￰6￱ Reading: What’s Happening With This Altcoin: Huge Surge, Arthur Hayes Makes $10,000 Claim