Zcash (ZEC) rises above $600, marking a surge of over 1,270% in a year and reclaiming a spot in the top 20 of the crypto market, with a market capitalization nearing $10 billion.
Zcash: The Comeback of the Privacy King
Zcash is experiencing a resurgence. The privacy-focused token has crossed the $600 threshold, a level it hadn’t seen since 2018. In a year, its value has skyrocketed by over 1,270%, pushing its market cap to almost $10 billion. In other words: the market is rediscovering a forgotten legend and sending it to the moon.
In a context where digital privacy is back at the heart of debate, investors are once again flocking to projects capable of providing an alternative to overly transparent blockchains. Zcash, a pioneer in the sector since 2016, is capitalizing fully on this trend.
The recent technical advances by the Electric Coin Company (ECC), the team behind the protocol, have revitalized market confidence. Updates related to the Tachyon Project and the rise of the user-friendly Zashi wallet have given a real purpose to the ecosystem. The on-chain activity is picking up, the community is awakening, and investment flows are following.
Record Volume and Rediscovered Liquidity
The numbers speak for themselves. The daily trading volume now exceeds $1.8 billion, a record for years. Liquidity has significantly strengthened on major platforms: Binance, Hyperliquid, and Bybit are the main hubs for trading.
In derivative markets, the trend is equally strong. According to CoinGlass data, Binance leads open positions with $340 million, closely followed by Hyperliquid ($332 million) and Bybit ($157 million). Despite the obvious speculative bubble feeling, the long/short ratio remains stable between 1.05 and 1.13.
A Solid Rebound Driven by Real Demand?
Another key indicator is the ratio between spot volume and futures volume. With $801 million traded on the spot market versus $4.5 billion in futures contracts, Zcash could even claim a healthy momentum.
Technically, crossing the $500 mark signifies a symbolic milestone: ZEC has just erased all losses since the 2021 Bull Run. If the momentum continues, the token could very well deliver one of the best performances of the year among high-cap cryptos.
A Triumph and a Strong Signal for the Sector
This rally is more than just a price increase: it’s a narrative triumph. Long overshadowed by Monero or Tornado Cash, Zcash is once again the standard bearer for a simple yet essential idea: privacy is a fundamental right, not a financial crime.
And at a time when regulations tighten on anonymization tools, witnessing an asset like ZEC revive with such vigor brings smiles to many investors. One question remains: has Zcash truly regained a solid holder community, or is the token being driven by traders playing musical chairs with millions?
