Based on Bitjie, Zcash (ZEC) surged to $537.45 this week, rising 28.5% due to supply constraints driven by whale accumulation and over 30% of the supply locked in shielded addresses. Analysts noted that reduced tradable supply has amplified price volatility. Technical indicators show upward momentum above $500, with Arthur Hayes forecasting a $1000 target price driven by growing institutional demand for privacy assets.
Zcash Price Surges 28.5% Amid Supply Constraints, Arthur Hayes Predicts $1000 by 2026
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Summary
Zcash price climbed to $537.45 this week, rising 28.5% as supply constraints tighten. Whale accumulation and over 30% of ZEC locked in shielded addresses have reduced tradable supply, boosting volatility. Price analysis shows momentum above $500, with Arthur Hayes forecasting a $1000 target by 2026 due to rising institutional interest in privacy-focused crypto assets.
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