As reported by Bitcoinist, the Zcash (ZEC) price surged over 30% in 24 hours following a bullish statement from BitMEX founder Arthur Hayes. In a viral post on X, Hayes cited a $10,000 price target for ZEC, citing privacy as the next major trend in crypto. The market reacted swiftly, pushing ZEC from around $270 to over $350. Analysts and traders noted the timing as favorable, with the market seeking new narratives beyond Bitcoin and Ethereum. ZEC broke key resistance levels, with trading volume rising over 200% compared to the weekly average. Some see the rally as a potential start of altseason 2025, with privacy coins like Monero and Dash also seeing gains. However, privacy coins remain a regulatory gray area, and the rally is largely sentiment-driven.
Zcash Price Surges 30% After Arthur Hayes' Bullish Prediction
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