Privateness-focused cryptocurrency Zcash has surged 30% within the final 24 hours after crypto entrepreneur Arthur Hayes predicted the token would finally attain $10,000.
Zcash rallied from $272 to a peak of $355 within the hours after Hayes’s “vibe verify” post on X on Sunday with the bullish prediction, outperforming all different prime 50 tokens by market capitalization over the identical time-frame.
This isn’t the primary time Hayes’ predictions have been linked to a token’s rise. On the August WebX 2025 convention in Tokyo, he stated that Hyperliquid’s HYPE token could enhance 126 occasions over the subsequent three years, which resulted in a 4% spike for HYPE.
Hayes’ endorsement gave merchants FOMO
Crypto dealer and contributor to Binance Sq., AB Kuai Dong, speculated in an X put up on Sunday that the Zcash rally was possible on account of Hayes.
He mentioned the endorsement by a “legendary Silicon Valley investor” drove “everybody to observe the pattern and take part, subsequently triggering a full month’s FOMO market frenzy.”
On the identical time, a consumer underneath the deal with Clemente, a crypto dealer and board member of the treasury firm K9Strategy, admitted to leaping in on Zcash as a result of they had been crammed with “a lot fomo I couldn’t maintain myself sidelined to this run.”
Privateness tokens within the highlight
In the meantime, a dealer and investor underneath the deal with JonnyJpegs speculated that the rally was extra about customers desirous to put money into privacy-related tokens, as extra governments attempt to clamp down on encryption and different privacy-related applied sciences.
Zcash has staged a 490% rally within the final 30 days and likewise crossed the $5 billion market capitalization threshold for the primary time on Sunday, in line with CoinGecko.
Associated: ‘Dino coin’ season: Why are Zcash and Dash seeing biggest rebounds?
The token launched in October 2016 and makes use of an encrypted ledger with zero-knowledge proofs. Transactions could be clear and publicly viewable, or absolutely shielded, that means each the sender and receiver are personal, together with the transaction quantity.
Fellow privacy-focused coin Monero (XMR), the main privateness coin by market cap, additionally gained 3.6% within the final 24 hours to $346. It stays delisted or restricted on most main exchanges, together with Binance and OKX, in addition to a number of European buying and selling platforms.
Journal: Binance shakes up Korea, Morgan Stanley’s security tokens in Japan: Asia Express
