How Did Zcash Defy The Crypto Market Crash To Hit An All-Time High?

Zcash (ZEC) has emerged as one of many few digital belongings to rally amid one of many harshest liquidation waves in latest crypto historical past.

As practically $20 billion in leveraged positions vanished following President Trump’s surprising tariff announcement, the privacy-focused cryptocurrency surged to a four-year high.

Why is Zcash Price Rising?

Data from BeInCrypto showed ZEC price briefly touching $282.59 on October 11 earlier than easing to about $257.96. Even after that pullback, the token posted a 15% each day achieve—its strongest since late 2021, when it final traded close to $295.

This continues an upward motion for a digital asset that has climbed over 100% this week and nearly 450% in the past month.

Zcash’s rally has been aided by crypto merchants’ rotation into privacy-centric projects following elevated monetary surveillance by world authorities.

Moreover, the token’s constructive efficiency has been amplified by trade figures resembling Barry Silbert, founder of Digital Currency Group. Notably, he has reshared a number of Zcash-related updates in latest days.

Outside of that, some neighborhood members have identified that Zcash stays undervalued relative to its fundamentals.

Mert Mumtaz, CEO of Helius Labs, argued that ZEC has operated as a proof-of-work, absolutely distributed community for 9 years.

According to him, the venture affords consumer sovereignty, superior encryption, and Bitcoin-like tokenomics at a fraction of the market capitalization of friends resembling Litecoin or Cardano.

Mumtaz additionally cited a “renaissance” of developer exercise, with new contributors specializing in efficiency enhancements and alternate integrations.

Considering this, he argued that the token “is the obvious mispricing in crypto,” whereas including that:

“The neighborhood utilizing the facility of crypto and public markets to breathe life again into the venture,” Mumtaz mentioned.

Launched in 2016, Zcash makes use of zero-knowledge proofs to allow personal transactions with out revealing the sender, receiver, or quantity. These options are lacking in prime cryptocurrencies like Bitcoin and Ethereum.

So, as governments worldwide improve monetary surveillance, Zcash’s shielded-transaction mannequin is regaining relevance amongst privacy-minded customers.

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