Zcash (ZEC) Skyrockets to a 7-Year High: Can It Reach $1,000?

The popular privacy coin has become a sensation lately, with its price surging by 260% over the last ￰0￱ industry participants have made substantial profits (at least on paper) by investing in the token, while others believe it has much more room for ￰1￱ Next Targets Zcash (ZEC) has been unstoppable in the past few months and currently trades at around $546, the highest level it has reached since the beginning of ￰2￱ market capitalization has spiked above $8.8 billion, making it the 22nd-largest cryptocurrency and flipping well-known altcoins like Stellar (XLM), Sui (SUI), Hedera (HBAR), Litecoin (LTC), and many ￰3￱ Price,) $10,000. FOMO Worked This Time ZEC’s price explosion has been highly beneficial for investors who decided to hop on the ￰4￱ revealed the case of a trader who opened a long position due to FOMO (Fear of Missing Out) and achieved an unrealized profit of around $2.7 ￰5￱ X users applauded the investor for their efforts, while others pointed out that their liquidation price stands at $373 and warned that a major swing to the downside could wipe out the gains.

“Watching new wallets move like this highlights how momentum and psychology drive ￰6￱ risk management would lock profits now, but greed is tempting,” X user Joe stated .