Overview
- ZEC’s market value neared $10 billion after a year-over-year gain above 1,270%, with 24-hour trading volume around $1.8–$1.9 billion.
- The token climbed from below $50 to above $600 in a little over a month, marking a parabolic short-term move.
- Liquidity deepened across Binance, Hyperliquid and Bybit, with open interest near $340 million, $332 million and $157 million respectively, while long-short ratios hovered around parity.
- Upgrades from Electric Coin Company, the Zashi wallet’s default private transfers, Project Tachyon work and tokenized versions on Solana and BNB Chain broadened access and use.
- Research notes describe Zcash as an “encrypted Bitcoin,” and some analysts project $650–$750 near term with a potential $1,000 scenario, while cautioning about pullbacks and regulatory scrutiny.