TL;DR
- Zcash has surged above $600 for the first time since 2018 and returned to the top 20 cryptocurrencies by market value.
- The market cap now stands at $10.2B and the price is $623.24 with a +14.8% gain in the last 24 hours.
- Growing demand for privacy tools, expanding exchange liquidity, and upgrades led by the Electric Coin Company have strengthened investor confidence and boosted activity across both spot and derivatives markets.
Zcash is grabbing market attention again as it trades above $600 for the first time in almost seven years. The price currently sits at $623.24 while the asset has climbed +14.8% in the past day. The rapid move lifted ZEC back into the top 20 digital assets by market capitalization with a valuation of $10.2B. This comeback reflects a broad increase in interest toward privacy technology and real on-chain usage rather than short-term speculation.
Analysts note that renewed institutional curiosity is emerging, as several digital asset funds have begun allocating small but meaningful exposure to privacy-focused projects, seeking diversification in a market increasingly dominated by AI and infrastructure tokens. Some market observers believe this new wave differs from previous cycles due to its alignment with global conversations about data protection and financial sovereignty.
Spot markets show robust participation. Daily trading volume exceeded $1.8B as liquidity expanded on exchanges such as Binance, Hyperliquid and Bybit. Roughly $801M in spot turnover within 24 hours signals substantial buy-side demand. Futures activity rose in parallel with open interest on Binance near $340M, Hyperliquid close to $332M and Bybit at $157M. Long and short positioning remains balanced, showing that traders are approaching the market with a measured stance.
Technical Momentum Behind Zcash
ZEC has cleared the $500 level, completing a full recovery of the 2021 peak. Many analysts see this as a strong sign that the current cycle is being powered by genuine user growth instead of leveraged trading. If the acceleration continues, Zcash could register one of the strongest annual performances among large-cap crypto assets in 2025.
Innovation And Expanding Ecosystem
The Electric Coin Company has rolled out upgrades that enhance network efficiency and usability. The Zashi wallet is gaining traction for offering simpler access to shielded transactions. Upcoming improvements under Project Tachyon are drawing attention from both users and developers who view Zcash as a meaningful part of a more private and permissionless financial system. This combination of technology, liquidity and adoption is reshaping the outlook for the asset as it enters a new phase of maturity.
