The privacy coin sector is witnessing a major shift as Zcash price surge captures the spotlight, breaking an eight-year downtrend with an impressive 75% gain in just one month. This dramatic rally is positioning Zcash (ZEC) as a formidable competitor to Monero (XMR), long considered the leader among privacy-focused cryptocurrencies.
Zcash Price Surge: Changing the Privacy Coin Landscape
According to TradingView, Zcash price surge saw the token briefly surpass $70, recording weekly gains of 42% and a monthly increase exceeding 73%. ZEC’s daily trading volume soared to $215.77 million, bringing its market capitalization to approximately $1.12 billion. The momentum behind Zcash is not only technical but also driven by innovation and institutional interest.
Why is Zcash Outperforming?
The recent uptick in Zcash price surge is being fueled by several factors. The launch of Zashi Cross Pay on September 16 has expanded Zcash’s utility, enabling private, cross-chain transactions from shielded ZEC to Bitcoin (BTC), Ethereum (ETH), and popular stablecoins. This development enhances the practical appeal of Zcash, drawing attention from both crypto enthusiasts and institutional investors.
Additionally, as regulatory scrutiny intensifies on transparent blockchains, privacy coins like Zcash are gaining traction. Zcash’s unique cryptographic privacy technology, utilizing zero-knowledge proofs (zk-SNARKs), is particularly attractive to investors seeking robust privacy solutions. Interest in the privacy coin sector is surging, as evidenced by record-high Google searches for terms such as “privacy coins,” with Zcash leading the trend.
Expert Opinions: Zcash vs. Monero
After years of trailing behind Monero, Zcash price surge is elevating its status in the privacy coin space. Daily trading volumes for Zcash are now rivalling Monero’s $128 million. Influential figures in the industry, such as Helius Lab’s CEO Mert, have publicly expressed a preference for Zcash over Monero, citing stronger privacy attributes and greater growth potential.
Zcash Technical Outlook
Technically, the Zcash price surge has shattered significant resistance levels, including a breakout from a multi-year falling wedge formation. Analysts are monitoring key price targets, with $81.81 identified as a pivotal resistance based on historical price action and Fibonacci levels. Short-term forecasts place targets between $70 and $78, while a sustained uptrend could see Zcash testing $98, echoing the high reached in December 2024.
Indicators such as a high Relative Strength Index (RSI) and ascending MACD histogram confirm the ongoing bullish momentum. While the upward trend is strong, some analysts urge caution, noting that swift rallies are often followed by periods of consolidation or profit-taking. Nevertheless, the long-term outlook for Zcash appears increasingly positive, thanks to its technological advancements and growing demand for privacy-centric solutions.
Conclusion: Zcash Emerges as a Top Privacy Coin
The Zcash price surge is redefining market perceptions of the coin, no longer seen as a sluggish privacy token but as an innovative and competitive player. The combination of technical breakout, rising demand for privacy, and robust product development positions Zcash as a serious challenger to Monero’s dominance in the privacy coin arena.
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