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Zcash (ZEC) Surges Past $600, Reenters Crypto’s Top 20 Amid Privacy Revival

Zcash (ZEC) Surges Past $600, Reenters Crypto’s Top 20 Amid Privacy Revival. Source: Pixabay

Zcash (ZEC) has staged a stunning comeback, surpassing $600 for the first time in nearly seven years and reentering the top 20 largest cryptocurrencies by market capitalization. According to CoinGecko, ZEC has skyrocketed over 1,270% year-over-year, reaching a valuation just shy of $10 billion. The surge underscores growing investor enthusiasm for privacy-centric crypto projects and the network’s recent technical advancements.

The rally is fueled by renewed attention to privacy infrastructure and key upgrades from the Electric Coin Company (ECC), the primary developer behind Zcash. The growing adoption of the Zashi wallet and upcoming innovations under Project Tachyon have revitalized both user activity and institutional interest. CoinDesk Research attributes much of ZEC’s current momentum to these ecosystem developments, which are redefining the token’s long-term narrative.

Trading activity has surged in tandem with the price rally. Daily trading volume now exceeds $1.8 billion, with strong liquidity across major exchanges such as Binance, Hyperliquid, and Bybit. Futures markets have also expanded significantly—CoinGlass data shows Binance leading with $340 million in open interest, closely followed by Hyperliquid at $332 million and Bybit at $157 million. Long-short ratios remain balanced around 1.05–1.13, indicating steady rather than speculative participation.

Spot market indicators further confirm Zcash’s organic demand. With roughly $801 million in 24-hour spot volume against $4.5 billion in futures turnover, the data suggests that genuine buying interest, not excessive leverage, is driving this rally. The recent breakout above $500 has also completed a full retracement of ZEC’s 2021 highs, signaling strong technical momentum. If the trend continues, Zcash could become one of 2025’s top-performing large-cap cryptocurrencies, marking not only a price resurgence but a complete narrative reset for the privacy-focused digital asset.

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Great article. Requesting a follow-up. Excellent analysis.

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Great article. Requesting a follow-up. Excellent analysis.
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