Zcash (ZEC) adds $3B in value as traders bet on privacy coin boom

Zcash ( ZEC ) has staged one of the most dramatic rallies in the crypto market this year, surging by nearly 390% over the past month and adding more than $3 billion in market capitalization, according to data retrieved by Finbold from CoinMarketCap on October 10, ￰0￱ 1-day price chart.) price going up? The sharp advance has been fueled by a mix of privacy demand, institutional adoption, and technical ￰1￱ privacy narrative has resurfaced amid debates around surveillance, CBDCs, and government ￰2￱ October 7, MIT researcher and Zcash co-founder Madars Virza argued that ZEC’s shielded transactions offer stronger anonymity than Monero’s ring signatures, while also being more resilient against future quantum computing ￰3￱ exposure has also ￰4￱ Grayscale Zcash Trust (ZCSH) recorded $46 million in net inflows this week, with shares trading at a 340% premium to ZEC’s spot ￰5￱ investors now hold $66 million worth of ZEC via the trust, a structure that reduces sell pressure on circulating supply.

Finally, ZEC’s rally was supported by a technical ￰6￱ clearing resistance at $216.4, the coin triggered more than $2 million in short liquidations and ended an eight-year downtrend against Bitcoin, fueling confidence among ￰7￱ interest in Zcash crypto Zcash’s strong performance has been amplified by institutional vehicles like Grayscale, which allow exposure without direct custody of the ￰8￱ trend mirrors early Bitcoin ETF dynamics, where high premiums signaled growing demand and limited ￰9￱ premium on the ZCSH trust reflects both scarcity and bullish sentiment, with institutions effectively betting on ZEC’s long-term role in the privacy coin ￰10￱ price prediction and risks ahead Zcash coin now trades near its highest levels since 2018, with RSI at 80.5 and the MACD histogram at +10.5, pointing to strong bullish momentum but also overbought ￰11￱ dominance for privacy coins has spiked to record highs, while ZEC’s shielded pool usage has surpassed 3 million coins.

However, given the parabolic rally, traders are closely watching whether ZEC can hold above the $230–$250 ￰12￱ Zcash price breaks above $250 with conviction, it could extend gains toward new multi-year ￰13￱ the downside, failure to hold recent levels could trigger profit-taking and test support near $200.