Zcash (ZEC) has emerged as one of the strongest performers in the market, extending its explosive rally even as most cryptocurrencies faced a pullback.
The privacy-focused cryptocurrency surged over 24% in the past 24 hours, trading around $235.54 at press time – its first time above $200 since mid-2022.
According to market data, ZEC’s market capitalization reached $3.83 billion, while 24-hour trading volume skyrocketed to $1.49 billion, representing an 81% jump in activity. On Binance, the ZEC/USDT pair hit an intraday high of $274, reflecting a weekly gain of over 55% and hourly momentum still in positive territory.
Renewed Focus on Privacy and Institutional Access
The rally reflects a growing wave of investor interest in privacy-oriented projects. Analysts attribute ZEC’s rise to several converging trends – from increased global discussions around financial privacy and data protection to the integration of shielded ZEC transfers in mobile wallets.
This resurgence aligns with broader movements in the privacy sector, where coins like Dash and Railgun also recorded double-digit gains. Traders appear to be positioning themselves around privacy solutions as digital surveillance concerns grow and blockchain anonymity becomes a more prominent topic.
Institutional investors are also participating through the Grayscale Zcash Trust, which offers exposure to ZEC in a regulated format. This combination of retail-driven enthusiasm and institutional accessibility has created a unique demand dynamic, reinforcing Zcash’s position as the leading privacy asset in the current cycle.
Technical Momentum and Overbought Conditions
ZEC’s technical outlook shows strong bullish momentum. On TradingView, the daily chart indicates that the RSI has climbed to 82, signaling overbought territory – often seen before short-term corrections. Despite this, analysts note that breaking past $200 has triggered renewed confidence, with traders eyeing potential continuation toward the $250–$275 resistance zone.
Zcash’s ability to outperform in a declining crypto market underlines a notable narrative shift – investors are not just chasing performance, but actively seeking privacy and self-sovereignty as core investment themes in 2025.
