Zcash has jumped above $600 for the first time since 2018 as demand grows across spot and futures markets. Could this rally continue further?
Zcash has moved through a major price zone for the first time in almost seven years.
The token surged past $600 as traders responded to stronger activity across spot and derivatives markets. Liquidity increased on Binance, Hyperliquid and Bybit while new interest in privacy tools created fresh demand.
Zcash Trading Volume Surges Across Major Platforms
Trading volume rose above $1.8 billion during the recent move on Friday. Data from CoinGecko showed a year-over-year gain above 1,200%. Market cap also touched nearly $10 billion. The jump seemed to be in line with a major shift in attention toward privacy infrastructure.
Electric Coin Company pushed several upgrades that supported this trend. Interest in the Zashi wallet added another layer of demand and these developments brought new users into the network.
Futures activity also followed the same pattern. CoinGlass showed that Binance led the open interest growth at roughly $340 million. Hyperliquid sat close behind at $332 million, while Bybit recorded $157 million
Technical Breakout Marks a Full Cycle Recovery
Zcash climbed above the $500 resistance zone and completed a full retracement of its 2021 local highs.
The chart broke through its long-range structure without hesitation and traders who followed the trend viewed this as confirmation of real strength
$ZEC PHENOMENON BREAKDOWN
So everyone’s asking wtf is happening with $ZEC while the rest of the market is bleeding.
Let me break down this absolute monster move.
First, quick context – Zcash is basically $BTC with a privacy layer.
Same 21M supply cap, same halving mechanics… pic.twitter.com/GJ5j1FEDCY
— Hanzo ㊗️ (@DeFi_Hanzo) November 7, 2025
The move also carried a psychological effect. The token had not seen these price levels since 2018 and a return to that zone encouraged long term holders.
Market researchers noted that Zcash could record one of the strongest annual gains among major crypto assets if this move continues.
Billionaire Support Adds Fuel to the Latest Rally
Arthur Hayes showed strong support for Zcash during the climb. He argued that the token’s privacy design makes it appealing for high-net-worth users who want anonymous transactions.
Hayes also predicted that Zcash could reach $10,000 at some point if adoption continues this way.
BitMEX co-founder Arthur Hayes posted that Zcash (ZEC) has become the second-largest crypto asset in his family office Maelstrom’s portfolio, behind only Bitcoin. Driven by the privacy-trading narrative, ZEC has recently surged to around $750, marking its highest level since…
— Wu Blockchain (@WuBlockchain) November 8, 2025
The Grayscale Zcash ETF created another route for demand. The regulated structure allowed accredited investors to gain exposure to ZEC through a familiar investment vehicle.
This channel helped expand interest beyond traditional crypto communities.
Zcash also moved to the fifteenth spot in market rankings. The token gained more than 1,000% since the year began, and analysts noted that the chart broke through its rising channel as the price accelerated instead of slowing down.
Price Targets Rise as Zcash Shows Accelerated Progress
Some analysts are now eyeing the move towards $1500 as a reasonable target. A climb to that level would push the market cap near $24 billion and place Zcash inside the top ten ranking.
The target is in line with its recent expansion and the level of public attention it has gained during the rally.
So far, these developments look promising and appear to be laying the foundation for further growth in the ZEC ecosystem.
Traders are pointing out the cryptocurrency’s steady order flow, balanced ratios and rising liquidity as signs of a stronger market structure.
Source: https://www.livebitcoinnews.com/crypto-news-heres-why-zcash-price-has-been-pumping-this-week/