09 Oct
09Oct

The privacy token Zcash (ZEC) has more than tripled in value in less than two weeks, reaching its highest price in over three years. The token is up over 140% in 14 days and posted a 24-hour gain of 26% to reach $170, triggering nearly $2 million in short position liquidations.

The surge is attributed to a potent mix of institutional access and influential social media endorsements:

  • Institutional Exposure: Experts, like Sean Dawson of Dervie, point to Grayscale allowing eligible investors exposure to Zcash through its funds as a major catalyst.
  • Influential Support: The rally gained momentum from an increase in social media "mindshare" (up 1,000% according to Messari). Key endorsements came from prominent figures, including venture capitalist Naval Ravikant and Helius Labs CEO Mert Mumtaz. Ravikant famously tweeted, "Bitcoin is insurance against fiat. ZCash is insurance against Bitcoin," highlighting its privacy features.

Zcash is a privacy-focused crypto that uses zero-knowledge proofs to encrypt transaction details, allowing users to send and receive funds privately by concealing the sender, receiver, and amount.

Analysts suggest that as Bitcoin soars, investors are seeking "outsized returns" in related projects, making a "ZK version of Bitcoin" (referencing Zcash's zero-knowledge technology) particularly appealing. This strong performance contrasts with the broader altcoin market, which has struggled to keep pace with the institutional-driven rallies in Bitcoin and Ethereum.

October 2025, Cryptoniteuae

Comments
* The email will not be published on the website.