-
Zcash (ZEC) surged over 40% in 24 hours to above $230 — its highest since 2022.
-
The rally reflects renewed demand for privacy coins amid surveillance concerns.
-
Privacy narratives, wallet upgrades, and rising trading volumes have boosted interest.
Privacy Tokens Surge
Zcash rallied past $230, gaining more than 40% in a day and outperforming major cryptocurrencies. The move comes as traders rotate into privacy-focused assets like Dash and Railgun, with the broader sector up roughly 15%.
Analysts attribute the surge to multiple factors: fresh debates over financial surveillance, new wallet integrations for shielded ZEC, and heightened trading activity.
Long-Term Outlook
Zcash’s advisory members said growing concerns around censorship and user data collection are fueling the renewed demand. However, market watchers cautioned that sharp ZEC spikes have historically coincided with local bitcoin tops.
Despite a 400% rise over the past month, ZEC remains well below its all-time high of $3,191 from 2016.
