"Zcash's latest rally is unprecedented in the coin's history. After trading in the low double digits just months ago, ZEC surged to $550 in October 2025. Crypto.news reported ZEC jumping 255% in 30 days, blowing past the $500 mark. Coinspeaker noted an even larger 360% climb, with ZEC trading around $622 as of November 7. ZEC's market cap shot from roughly $800 million in August to nearly $10 billion by early November."
"A resurgence of the "privacy coin" narrative is fueling ZEC's run. With rising global concerns about digital surveillance and financial censorship, traders are rotating into assets that prioritize on-chain anonymity. Zcash, which offers opt-in shielded transactions via zk-SNARKs, stands out among privacy coins. High-profile supporters amplified this narrative. Galaxy Digital's Will Reeves and others view ZEC as a potential "alternative to Bitcoin," a hedge when on-chain transparency comes under threat."
Zcash rallied dramatically from low double digits to roughly $622 by November 7, 2025, with reported 255–360% month gains that pushed market capitalization from about $800 million in August to nearly $10 billion. The rally diverged from broader market trends as ZEC posted double-digit weekly gains while major cryptocurrencies fell. Three primary drivers supported the surge: a renewed privacy-coin narrative emphasizing on-chain anonymity and zk-SNARKs shielded transactions; the Zashi cross-chain upgrade which locked roughly 30% of supply into privacy pools; and amplified institutional and influencer endorsements framing ZEC as a hedge against transparency concerns.
Read at 24/7 Wall St.
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