Why ZCash (ZEC) Price Up 60% Today?

Updated 3 hours ago by · 3 mins read

ZCash (ZEC) has gained around 150% in the past week as Grayscale recently announced the launch of Grayscale Zcash Trust (ZCSH).

Zcash ZEC $152.2 24h volatility: 68.8% Market cap: $2.46 B Vol. 24h: $1.39 B posted a 59% price surge on Oct. 2, becoming one of the best-performing cryptocurrencies of the day. This builds on the cryptocurrency’s ongoing rally, marking a 150% weekly price growth and gaining 250% in market cap.

ZEC smashed through a three-year high of $153 on Oct. 1. This resulted in the token’s entry into the top 50 crypto list, surpassing Pump.fun’s PUMP with a market capitalization of $2.36 billion.

At the time of writing, ZEC is trading around $146, pushing daily trading volumes up by nearly 300%, according to CoinMarketCap.

The surge comes as Grayscale recently announced the launch of the Grayscale Zcash Trust (ZCSH), one of the first institutional-grade products providing exposure to the cryptocurrency.

The trust, designed for accredited investors, allows participation without the need to directly buy, store, or manage the underlying asset. Analysts see this as a major catalyst for Zcash’s growth.

Unlike many digital currencies, Zcash is built on Bitcoin’s codebase but adds a unique layer of privacy through zero-knowledge proofs (zk-SNARKs). These cryptographic tools allow users to choose between fully transparent or private transactions.

Bitcoin has been increasingly tied to institutions and regulatory oversight. However, Zcash retains a strong following among crypto purists who value decentralization and anonymity.

ZEC Price to $200?

On the daily chart, the MACD remains strongly bullish, with wide divergence between the signal and MACD lines, indicating strong momentum. For bulls, the next resistance lies near $160–$165, with a breakout potentially leading to $200.

ZEC price chart with Bollinger Bands and MACD | Source: TradingView

ZEC is trading far above the upper Bollinger Band, a sign of extreme overbought conditions that often lead to pullbacks. Traders should watch for immediate support around $120, followed by $100, where a retest could stabilize the trend.

Privacy advocates are optimistic but many analysts caution that ZEC could face volatility after such an explosive run. Historically, privacy coins have attracted regulatory scrutiny, which may weigh on sentiment in the long run.

Bitcoin Hyper Presale Nears $20M

As ZEC continues its upward rally, another project, Bitcoin Hyper (HYPER), is also making waves during its presale phase. The project aims to address some of Bitcoin’s most pressing challenges: slow transaction speeds, high network fees, and the absence of built-in smart contract functionality.

Bitcoin Hyper introduces a next-generation Layer 2 solution powered by an optimized virtual machine. This enables faster and cheaper transactions while remaining anchored to Bitcoin’s secure base layer.

HYPER Tokenomics and Presale Details

HYPER token, which fuels network activity by covering transaction costs, providing staking rewards, and granting access to advanced features.

HYPER holders also benefit from 60% APY on staked tokens, offering passive income opportunities while supporting the network’s expansion.

HYPER Presale Details:

  • Ticker: HYPER
  • Presale Price: $0.013015
  • Funds Raised: $19.8 million

The crypto presale offers early HYPER token buyers a discounted entry. Is it a good time to invest in Bitcoin Hyper? Read our Bitcoin Hyper price prediction.

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