Overview
- ZEC has fallen roughly 37% over the past 30 days after a sharp run-up, signaling cooling momentum.
- Pal argues the surge still fits a capital-rotation pattern and says he seeks a durable base before calling it a structural bull trend.
- Despite the pullback, Zcash is up about 699% year to date and recently traded near $385.81, according to market data.
- Institutional interest has grown, with Grayscale filing to convert its Zcash trust into a spot ETF, which signals intent but not approval.
- Narrative drivers included Arthur Hayes’s late-October call that preceded a ~30% 24-hour jump, while Zcash’s optional-privacy design is viewed as more audit-friendly than always-private rivals.