Zcash Price Skyrockets to $370-Is This a Bubble or the Real Deal?

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Hold onto your hats, folks! Zcash (ZEC) just hit a 7‑year high. And no, it’s not some random fluke-it’s actually due to a wave of new activity on its network and a shiny, renewed interest from investors in privacy coins. Guess we’re all looking for a little more secrecy these days, huh?

  • Zcash price did a dramatic 60% leap in just a week. Someone get this coin a cape!
  • MoonPay is now rolling out Zcash with its fancy on-chain swap feature. Privacy is the new cool!
  • Technical indicators? Yep, they’re pointing towards a possible $375 soon, so don’t blink.

Alright, so Zcash (ZEC) made a surprise appearance at a 7-year high-$370.11 on Monday, October 30. Let’s just say this token is making a comeback that could rival any of your favorite ’90s bands. The last time it saw this high was May 2018, but we all know time flies when you’re in crypto.

In just a week, its trading volume went from $690 million to a mind-boggling $1.65 billion. It’s like Zcash was the hottest thing at the party. Its market cap? Oh, just over $5.85 billion at the time of writing. Casual, right?

Here’s the kicker: open interest in the Zcash futures market just shot up by 1,300% in the past month. We’re talking an explosive rise from $36 million to $515.4 million. Looks like traders are betting big, but are they about to win… or crash and burn? Stay tuned.

But here’s a fun fact: Despite all this excitement, short sellers are still dominating the market (they’re in the red). If the bulls continue flexing, we might be gearing up for a short squeeze. It’s like a plot twist no one saw coming-except for everyone who’s paying attention.

Why is Zcash’s Price Going Through the Roof?

Well, Zcash’s price surge isn’t just because everyone suddenly decided they love privacy (although, let’s be real, who doesn’t?). It’s also because Zcash’s network is getting stronger. The total value of shielded ZEC has hit a record 4.94 million, worth over $1.76 billion. Shielded coins now make up more than 30% of the total supply. That’s a whole lotta privacy, people!

More shielded ZEC means more people using its privacy features. Not exactly a surprise, right? Everyone’s into keeping their financial secrets safe these days.

Oh, and guess what? MoonPay just added Zcash to their list of supported coins. If you haven’t heard of MoonPay, well, they’re a major fiat-to-crypto on-ramp. If Zcash was a celebrity, it just got a major PR boost.

Let’s not forget that privacy coins, in general, are having a moment. Railgun (RAIL), Dash (DASH), and Monero (XMR) have all been showing off some impressive gains lately. Everyone’s looking for that extra layer of anonymity these days, and Zcash is just taking a nice, cozy spot at the top.

Zcash Price Analysis

Now let’s talk charts, shall we? Zcash is staying strong above a key trendline that has been supporting it since September. Basically, whenever it’s hit this trendline, it’s been followed by a rally. It’s like Zcash is the crypto equivalent of a motivational speaker: “You got this!”

Looking at the momentum indicators, it’s clear that the bulls are taking the lead. The MACD line is above the signal line, and the RSI is chilling above 70. Translation: people are still buying like they’ve found the holy grail.

And if that trend continues, ZEC could break through the $375 resistance level, and-if you’re really lucky-hit $400. Yep, that’s almost 50% more than its current price. So, is this the start of a new Zcash era? Only time will tell… but don’t say we didn’t warn you.

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2025-10-30 13:33