Zcash (ZEC), that odd little cryptocurrency with an affinity for privacy, refused to drown in the sea of market despair. Instead, it pulled off what could only be called a miracle – or perhaps just relentless stubbornness, depending on your patience for crypto drama.
When roughly $20 billion in leveraged gambles evaporated faster than your hopes on a bad day, thanks to Trump’s unexpected tariff tantrum, Zcash decided-to everyone’s surprise-to climb. Up to a four-year high, no less. Because apparently, amidst chaos, privacy is still a hot commodity - who knew?
What’s behind Zcash’s daring ascent? 🤔
Numbers from BeInCrypto reveal ZEC briefly flirted with $282.59 on October 11, only to retreat slightly to $257.96. Yet, even after that little card trick, it managed a 15% gain in a single day – the kind of spike that makes traders forget their existential crises since late 2021, when it last flirted with $295.
Somehow, this rally isn’t just a fluke but part of a larger upward saga: over 100% this week, nearly 450% in the last month. It’s enough to make even the most jaded crypto skeptics choke on their coffee.
Apparently, Zcash’s success hinges on crypto traders playing musical chairs, shuffling their funds into privacy coins as governments ramp up their surveillance – because who doesn’t want to hide their experimentations in secret? It’s like a privacy-focused renaissance, with a dash of paranoia for flavor.
Noted industry titan Barry Silbert, founder of Digital Currency Group, has been seen sharing more Zcash updates than one would expect at a traditional dinner party, which only fuels the hype. Apparently, the bigwigs are onto something-or at least pretending they are.
Meanwhile, some sharp-eyed community members point out that Zcash remains criminally undervalued given its underlying fundamentals (classic crypto irony).
Mert Mumtaz, CEO of Helius Labs, argues that Zcash has been quietly thriving as a proof-of-work, fully distributed network for nine years – all while most coins are busy chasing hype or memes.
He highlights its user sovereignty, top-notch encryption, and Bitcoin-like tokenomics – but at a fraction of the market cap of its more glamorous cousins like Litecoin or Cardano. Because sometimes, underestimating the quiet worker bees is the most entertaining part of crypto.
Plus, the dev community is waking up again, working on improving performance and integrating with exchanges – fresh energy amid the chaos. It’s a “renaissance,” according to Mumtaz, who also claims Zcash is the “most obvious mispricing in crypto.” Well, that’s a bold statement with a lot riding on it. 🤡
“The community is harnessing the power of crypto and public markets to breathe life back into the project,” Mumtaz says – as if rallying from the dead is just another Tuesday.
Launched in 2016, Zcash uses zero-knowledge proofs-a fancy French phrase meaning transactions can stay hidden without revealing sender, receiver, or amount, unlike Bitcoin or Ethereum‘s open-book policy. So, with governments turning into overbearing nosy neighbors, Zcash’s cloak-and-dagger style is again in vogue among privacy lovers.
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2025-10-11 21:46