Zcash (ZEC) Defies Market Slump with 700% Surge; Arthur Hayes Backs Privacy Coin
While Bitcoin and Ethereum struggle with sideways trading, Zcash (ZEC) has achieved a spectacular rally, surging over 700% in the last two months. The price jumped from $137 to over $700 before a slight correction, pushing its market capitalization past $10 billion and placing it among the top 20 cryptocurrencies globally.
This meteoric rise has been validated by major industry figures. Arthur Hayes, BitMEX co-founder, revealed ZEC as his firm's second-largest asset holding, after Bitcoin, and has optimistically predicted ZEC could reach $10,000.
The growth is rooted in fundamental demand for privacy: on-chain data shows over 30% of ZEC's supply (4.5 million ZEC) is now held in shielded pools, an all-time high. This exodus into Zcash's privacy features signals a growing institutional and retail conviction that digital anonymity is becoming a highly valued asset in the face of increasing surveillance.
