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42m ago

Zcash Hits Four-Year Highs on Grayscale Inflows and Viral Endorsements

Overbought readings signal higher short-term volatility given a sharp build-up in derivatives leverage.

Zcash price extends rally with 31% jump but technicals show signs of exhaustion
prices Markets Breaking Push Zcash Breaking Tag

Overview

  • ZEC traded near $172 after touching $179.46, rising about 140% in roughly two weeks to its strongest level since 2021.
  • Grayscale’s Zcash Trust has accumulated approximately $46 million in ZEC since its early October launch, opening a new institutional on-ramp.
  • Social attention jumped, with Messari reporting roughly a 1,000% increase in mindshare following high-profile support including a post from Naval Ravikant.
  • Derivatives activity intensified, with volume up about 75.7% to $1.18 billion and open interest up 54.4% to $227.2 million, while nearly $2 million in shorts were liquidated.
  • Technical gauges such as an RSI around 73 and an elevated CCI point to near-term fatigue, as on-chain usage climbs with 12,000+ Zashi iOS downloads, a 15.5% monthly rise in shielded transactions, and over $9.5 million in cross-chain private swaps.