Quick Takeaways:
- Zcash (ZEC) hit an 8-year high of $388, beating Monero (XMR) in market value.
- The coin’s 45% weekly surge defies the broader crypto downturn.
- Arthur Hayes of Omen Zcash could mobilize to $10 000, fire investor momentum.
Zcash Flips Monero as Top Privacy Coin at $6 2 Billion
Zcash (ZEC) is the ongoing crypto market slowdown with a 45% exchange this week, reaching its highest price in eight years and surpassing Monero (XMR) to become the most valuable privacy coin.
The item rose to $388 on Friday, according to CoinMarketCap, with a market capitalization of $6 2 billion at the fourth dimension of penning. By comparison, Monero switched near $323, falling behind in the race for ascendancy among privacy-focused cryptocurrencies.
Privacy Coins Defy Market Downturn
Zcash’s shrewd move upwards realized as most major digital assets remain in consolidation, travelling along the breakdown of the U.S.-China duty deal on Thursday. Despite the washy marketplace thought, investors seem to be rotating into privacy token assets that contrive to harbor trading points from public view.
Both Zcash and Monero obscure sender, receiver, and transaction data, providing stronger anonymity than Bitcoin, where all transfers remain visible on-chain
Analysts pronounce the renewed interest reflects rising world business organization over fiscal surveillance, with privacy tools once again gaining relevance in crypto markets.
Arthur Hayes’ $10,000 ZEC Prediction Fuels Buzz.
Momentum accelerated earlier this week after BitMEX co-founder Arthur Hayes predicted that Zcash could rally to $10,000.
Following Hayes’ bullish outlook, ZEC spiked from $272 to $355 within hours, drawing attention from traders seeking alternatives to major cryptocurrencies.
“Crazy to see how $ZEC has pulled a 10x in just two months, completely decoupling from the market,” wrote Simon Dedic, founder of Moonrock Capital, in an X post. “It’s a multibillion-dollar asset, not some meme coin. This kind of performance is remarkable.”
Whale Selling Amid Retail Inflows
Despite the surge, on-chain data from Nansen shows that large ZEC holders or “whales” have been selling into strength.
Over the past week, ZEC tokenholders rose 63% to 1,968, while whale wallets offloaded around $702,000 in ZEC tokens. Analysts see this as typical profit-taking after a parabolic rise rather than a bearish signal.
Zcash’s Resurgence Marks New Era for Privacy Coins
The rallying attitude of Zcash as the leading project in the privacy sector, a space long dominated by Monero. Its regenerative momentum gets along as regulative discourse heightens around digital privacy and fiscal transparency. If ZEC asserts its flight, it could mark off a turning point for secrecy coins, metamorphosing them from recession assets into mainstream components of the crypto ecosystem.
