Zcash News: Zcash Price Eyes $1,000 Target Despite Sharp Daily Decline

Zcash (ZEC) price experienced a sharp decline, but market indicators suggest a potential rally. Miner activity and retail interest are expected to support a potential recovery toward the $1,000 target.

Zcash (ZEC) has experienced one of the sharpest drawdowns recently. This occurred in the past day. Interestingly, at current market odds, we have a potential rally. This outlook is made despite a 14% decrease in ZEC price. Miner activity and retail interest is expected to play key role. They could back the asset and propel any recovery that may be realized. Therefore, such factors are crucial for ZEC’s short-term path.

Zcash’s Recent Volatility and Performance Drivers

A deeper examination of on-chain price behavior shows a strong tendency. ZEC tends to break above $1,000 before reaching major resistance. This point usually represents a local asset top. This outlook is due to the successful breakout of ZEC. In the recent past, it crossed several reversal points on the chart. As a result, the asset is trending towards a “Top Price” zone.

Related Reading: Zcash News: Zcash Price Climbs 1,486% in Three Months, Hits $10.3B Market Cap | Live Bitcoin News

In the past week up to November 09, 2025, there was a major surge in the price of Zcash (ZEC). This reached about $690 on November 8. However, it then faced a huge plunge.

The first price boost was driven by renewed investor interest. This interest was focused in the direction of privacy-oriented cryptocurrencies. Therefore, market sentiment surrounding privacy played an essential role. On November 8, Zcash was trading for around $689. This was an increase of about 30% in 24 hours. Its market capitalization reached more than $8 billion.

The surge was driven by heightened interest in privacy-focused assets. This was happening at a time when talks about cryptocurrency regulations all around the world were taking place. Additionally, new improvements to Zcash have increased the adoption.

For instance, the Zashi wallet now defaults to shielded transactions. This helps to enhance user privacy and ease of use. As a result, these features remained attractive for the new users.

As far as the reported “sharp daily decline” goes, cryptocurrency volatility plays an important role. Recent surges are frequently market speculation. Therefore, a subsequent price correction is not at all unusual after rapid increases.

Price Targets, Halving Event, and Miner Profitability

Some analysts projected potential price targets of $580–$600. This was for the end of November of 2025. Meanwhile, longer-term projections by Binance users show it pointing higher.

They propose a possible value of $659.51 by the year 2030. Further out, they project $1,749.88 by 2050. These long-term forecasts are a good sign of belief in the future of ZEC.

The Zcash halving event in November 2025 is a key long-term factor. This event will result in a reduction of block rewards. Historically, such events tend to increase prices as a result of a reduction in the supply. However, the price is also subject to volatility. Factors such as whale leverage and general market sentiment play a role in this. As a result, great caution is always recommended.

The euphoria in Zcash (ZEC) has definitely arrived. The ones that are celebrating the most right now are the ZEC miners. The Puell Multiple, which is a measurement of miner profitability, just reached an all-time high. And the hash rate is also getting faster and faster. Furthermore, the $1000 level mentioned earlier is getting very close. Proof-of-work cryptocurrencies are known to have predictable price projections.

Mining resilience is then considered the heart of the whole game. Consequently, congratulations to the miners for saving the network. However, the reminder to “take profits along the way” is important.

In conclusion, although it is experiencing a sharp decline every day, there is great potential in Zcash (ZEC). Miner activity and retail interest, along with its privacy focus, are pointing toward a potential rally near $1,000. Therefore, ZEC continues to be a highly watched asset in the face of volatility in the markets.