Zcash Price Surges as Privacy Tech Momentum Grows

Zcash (ZEC) has recently delivered a standout performance in the crypto market, climbing 18% in the past 24 hours and pushing its weekly gains to 25%. Trading volume also spiked to $1.24 billion, a 74% surge that reflects renewed investor interest. This strong upswing comes after ZEC had dropped nearly 30% over the past month, suggesting a potential shift in market sentiment as privacy-focused assets regain traction.

The breakout occurred along a long-term trendline, signaling that bullish momentum for 2025 may already be taking shape. As privacy technologies attract greater adoption, Zcash appears to be positioned for sustained growth in the coming months.

Adding to the rising interest in zero-knowledge technologies, Phreeli—a new privacy-first mobile service—has officially launched in the U.S. The platform lets users sign up with only their zip code and leverages zero-knowledge proofs (ZKPs) to validate bill payments without revealing personal identity or financial details. Zooko Wilcox, co-founder of Zcash, contributed to integrating ZKPs into the service, underscoring the expanding real-world use cases for privacy-enhancing technologies.

Phreeli’s debut coincides with growing public demand for secure, anonymous digital tools. It also follows increased anticipation around Wilcox’s upcoming participation in an SEC roundtable on December 15, where he will discuss the role of zero-knowledge systems in enabling safer financial infrastructure. This visibility could further legitimize privacy coins like ZEC and encourage broader adoption of shielded transactions.

With ZEC now trading around $409 after testing support at $400, technical indicators point toward sustained bullish momentum. The MACD sits at 8.77 with strengthening green histogram bars, while the RSI at 67 suggests approaching overbought territory. Key resistance lies near $450, and if buyers maintain control, Zcash could retest the $500 level soon. However, a drop below $400 may signal a temporary pullback.