Zcash (ZEC) Soars Past 2021 Highs as Arthur Hayes Predicts $10K and Privacy Narrative Reignites
Zcash (ZEC) has exploded in worth previous $350, clearing its 2021 high and igniting a wave of renewed optimism throughout the digital property ecosystem. A surge in demand tied to privateness, cross-chain integration and daring market calls are pushing ZEC into the highlight.
Related Reading: $10K Is Coming: Arthur Hayes’ Zcash ‘Vibe Check’ Sparks 30% Moonshot
Rally Driven by Privacy Narrative and Major Price Call
Zcash’s latest rally is nothing in need of dramatic. In the previous month, ZEC’s price surged roughly 380 % and smashed by means of its May 2021 closing stage of round US$319.
This breakout has drawn recent consideration to the coin’s core worth proposition, transaction anonymity, at a time when regulatory scrutiny and surveillance issues are rising globally.
Adding gas to the fireplace, Arthur Hayes, co-founder and former CEO of BitMEX, publicly predicted that ZEC may in the end attain US$10,000. Markets responded swiftly; inside 24 hours of Hayes’s “vibe verify” publish on X, ZEC jumped over 30 %. The privacy-coin resurgence seems nicely underway.
Meanwhile, technical analysts argue the rise is greater than hype. ZEC’s chart now showcases breakout patterns, rising volumes, and a shift in smart-money positioning. However, warning stays. Many analysts word that though the value is reflecting a robust narrative, precise utilization of shielded transactions stays restricted.
Zcash (ZEC) Ecosystem Integrations Add Strength
Behind the value motion lies concrete ecosystem growth. Zcash integration into different chains, such as its wrapped model on Solana, is reviving curiosity, whereas new options search to revive ZEC’s full privateness options throughout cross-chain networks.
For instance, the undertaking Encifher is enabling encrypted variations of ZEC (eZEC) utilizing absolutely homomorphic encryption on Solana in order that customers can transact privately whereas nonetheless participating with DeFi.
Other catalysts embrace the anticipated halving occasion, which is because of minimize miner rewards in mid-November, tightening provide. Added to that, institutional frameworks such as the debut of a belief car for ZEC are reportedly increasing publicity. All instructed, these structural shifts help the narrative.
Related Reading: Forget Inflation: Bitcoin Rallies When The Dollar Falls, Study Finds
Nevertheless, even with infrastructure rising, the chance stays that value is racing forward of actual adoption. Analysts warn of a “promote the information” state of affairs if new integrations or utilization metrics fail to materialize.
Cover picture from ChatGPT, ZECUSD chart from Tradingview
