Zcash (ZEC) Price Rockets 30% in 24 Hours Following Bold Prediction from BitMEX Co-Founder Arthur Hayes
Zcash (ZEC) has surged back into the spotlight with a stunning 30% price jump in just 24 hours, fueled by a bold prediction from BitMEX co-founder Arthur Hayes. The token soared from $272 to $355 after Hayes posted a “vibe check” on X, hinting that Zcash’s price could eventually hit an eye-watering $10,000. This bullish outlook sparked a wave of buying, pushing Zcash’s market capitalization past the $5 billion mark for the first time.
Arthur Hayes Ignites FOMO Among Traders
Arthur Hayes is known for his market-moving influence, and this time was no exception. His concise post triggered massive fear of missing out (FOMO) among traders, sparking a buying frenzy. Binance Square contributor AB Kuai Dong noted that Hayes’ endorsement, given his reputation as a “legendary investor,” encouraged many to “follow the trend and join in,” turning the rally into a full-blown market phenomenon.
Many traders on X admitted they couldn’t resist jumping in. One user, Clemente, confessed, “I was filled with so much FOMO I couldn’t stay sidelined.” DeFi analyst Ignas explained how Zcash’s surge in hype exemplifies the rapid spread of crypto trends. Initially, some are skeptical because Zcash is an older project. But as the price rises, curiosity turns into FOMO, prompting more buyers to join the momentum. Once invested, users amplify the hype by liking and sharing Zcash-related posts, further accelerating the rally. Ignas admitted he himself fell into this cycle, highlighting how easily traders get caught up in market waves.
Privacy Tokens Gain Renewed Investor Attention
Beyond Hayes’ influence, the Zcash rally reflects growing investor interest in privacy-focused cryptocurrencies amid increasing scrutiny over encryption and digital privacy worldwide. Zcash’s technology leverages zero-knowledge proofs, enabling users to choose between transparent or fully shielded transactions. This ensures total privacy for senders, receivers, and transaction amounts.
Traders view Zcash and similar projects as potential hedges against expanding government control over digital assets. Fellow privacy coin Monero (XMR) also experienced gains, rising modestly by 3.6% to $346, despite ongoing restrictions and delistings from major exchanges like Binance, OKX, and several European platforms.
Although regulatory challenges persist, the renewed focus on privacy tokens signals a possible broader revival for the sector if current momentum continues.
ZEC’s 490% Monthly Surge and Market Sentiment
Zcash has enjoyed a phenomenal month, rallying nearly 490% over the past 30 days—outperforming nearly every other leading cryptocurrency. The broader market sentiment remains cautiously optimistic as Bitcoin steadies near key resistance levels and altcoins begin showing renewed strength.
Zcash’s explosive growth suggests that traders are increasingly seeking high-risk, high-reward opportunities, especially within niche sectors like privacy coins.
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