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Privacy-focused cryptocurrency Zcash (ZEC) experienced a significant surge of 30% in its value over a 24-hour period, driven by a bullish price target of $10,000 from crypto entrepreneur Arthur Hayes. This dramatic increase saw Zcash outperform all other top 50 cryptocurrencies by market capitalization during the same timeframe.
Key Takeaways
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Zcash (ZEC) price jumped 30% after Arthur Hayes suggested a $10,000 price target.
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The rally from $272 to $355 was attributed to Hayes' "vibe check" post on X.
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This endorsement fueled FOMO (Fear Of Missing Out) among traders.
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Zcash has seen a 490% rally in the last 30 days, crossing $5 billion market cap.
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Increased interest in privacy tokens may also be contributing to the surge.
Hayes' Influence Sparks Market Frenzy
Arthur Hayes, a prominent figure in the crypto space, posted a "vibe check" on X (formerly Twitter) on Sunday, predicting that Zcash would eventually reach $10,000. This endorsement quickly translated into a substantial price increase for ZEC, which climbed from $272 to a peak of $355 in the hours following the post.
This is not the first instance where Hayes' predictions have correlated with a token's upward movement. Previously, his forecast for Hyperliquid's HYPE token at the August WebX 2025 conference led to a 4% spike in its price.
FOMO and Trader Sentiment
Crypto traders and analysts believe Hayes' endorsement played a crucial role in the Zcash rally. AB Kuai Dong, a contributor to Binance Square, speculated that the "legendary Silicon Valley investor's" endorsement created a trend-following effect, triggering a month's worth of FOMO and market frenzy. Similarly, crypto trader Clemente admitted to investing in Zcash due to overwhelming FOMO, unable to remain on the sidelines.
Privacy Tokens Gain Traction
Beyond Hayes' influence, some market observers suggest that a broader interest in privacy-related cryptocurrencies is also fueling Zcash's rise. This trend may be linked to increasing global efforts to regulate encryption and privacy technologies. Zcash, known for its use of zero-knowledge proofs to enable shielded transactions, has seen remarkable growth, with a 490% rally in the past 30 days. The token also surpassed the $5 billion market capitalization threshold for the first time on Sunday.
Fellow privacy coin Monero (XMR), the market leader in this niche, also saw a modest gain of 3.6% in the last 24 hours, trading at $346. However, Monero continues to face delisting or restrictions on several major exchanges.
Sources
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