Zcash Price Regains Footing Above $375 as Founder Responds to Michael Saylor’s Criticism
Zcash surged past $375 following a public debate between founder Eli Ben-Sasson and Michael Saylor, reigniting interest in the privacy-focused cryptocurrency.
The dispute escalated on Nov. 16, just as Zcash briefly surged toward $700 in November, when Hunter Horsley, CEO of Bitwise, argued on X that Bitcoin maxis struggled to provide coherent criticisms of Zcash. His comments sparked heated debate that brought renewed attention to the privacy-coin.
On Dec. 5, Ben-Sasson shared details of his first discussion with Saylor, noting that newer project Starknet’s mission is ultimately to grow the Bitcoin economy through staking, yield generation and DeFi activity.
I explained Starknet's mission: Grow the Bitcoin Economy.
How Bitcoiners (and DATs) can participate by staking, generating yield in STRK, and working with that. As Bitcoin GDP grows, fees –> STRK validators –> yield to DAT stock holders. I… pic.twitter.com/rieBh55nf1
Ben-Sasson said, countering criticism of Zcash’s design, emphasizing that privacy and regulatory compliance can coexist alongside shielded transactions.
Reacting to Saylor warning about too-rapid innovation, Ben-Sasson argued that a decade of research is more than sufficient for activation. He concluded by noting he still intends to raise quantum-resilience in future discussions.
Coin Glass data shows Zcash open interest rose 6% mildly exceeding the 5% spot gains, showing that traders are backing spot purchases with healthy leverage, in anticipation of further upside. The long/short ratio flipped above 1.0 confirming that the fresh leverage positions were predominantly bullish on ZEC price.
Zcash is trading near $369 at press time, recovering from a sharp late-November correction while forming a bullish pennant on the daily chart. The pattern follows a steep rally from the sub-$100 zone in September and now points to a potential retest of the $730 territory.
Zcash (ZEC) Price Analysis | TradingView
However, Zcash is yet to reclaim the middle Bollinger Band near $501. Holding this level prevents a return to the lower Bollinger band and keeps the ZEC bullish pennant in play. If momentum holds, ZEC could retest $500 first, followed by a breakout attempt toward $730, if leverage inflows persist.
On the downside, ZEC’s bullish pennant fails only if price closes below $272, the lower Bollinger Band and macro trendline. Before that level ZEC price is likely to find significant support at the weekly timeframe low of $305.
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I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
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