Zcash Sees Significant Surge Following Arthur Hayes’ Prediction
Privacy-focused cryptocurrency Zcash has experienced a substantial surge of 30% in the last 24 hours, following a prediction by crypto entrepreneur Arthur Hayes that the token would eventually hit $10,000. This significant increase in value is a notable development in the cryptocurrency market, particularly for a token that emphasizes user privacy and security.
Zcash rallied from $272 to a high of $355 in the hours following Hayes’ “vibe check” post, indicating a rapid response from investors to his forecast. This reaction is not isolated, as Hayes’ predictions have been linked to the rise of other tokens in the past. For instance, at the WebX 2025 conference in Tokyo in August, he stated that Hyperliquid’s HYPE token could rise 126-fold over the next three years, resulting in a 4% increase for HYPE.
The Impact of Hayes’ Support on the Market
Crypto trader and Binance Square employee AB Kuai Dong speculated in an X post on Sunday that the Zcash rally was likely due to Hayes, suggesting that the backing from a “legendary Silicon Valley investor” caused “everyone to follow the trend and get in on the action, which subsequently sparked a month-long FOMO market frenzy.” This perspective highlights the influence that prominent figures like Hayes can have on market trends and investor decisions.
A user under the pseudonym Clemente, a crypto trader and board member of treasury firm K9Strategy, admitted to jumping on Zcash because they were filled with “so much Fomo that I couldn’t get out of the way on that run.” This testimonial underscores the psychological aspect of investment decisions, particularly the fear of missing out (FOMO) that can drive market activity.
Privacy Tokens Gaining Attention
Meanwhile, a trader and investor using the pseudonym JonnyJpegs speculated that the rally was more about users wanting to invest in privacy-related tokens as more governments seek to crack down on encryption and other privacy-related technologies. This perspective points to a broader trend where privacy-focused cryptocurrencies are gaining attention due to increasing concerns about digital privacy and security.
According to CoinGecko, Zcash has rallied 490% over the past 30 days and surpassed the $5 billion market cap threshold for the first time on Sunday. This significant growth indicates a strong interest in privacy-focused cryptocurrencies and highlights the potential for these tokens to attract substantial investment.
The token was launched in October 2016 and uses an encrypted ledger with zero-knowledge proof, allowing transactions to be either transparent and publicly viewable or completely shielded. This technology enables a level of privacy and security that is not available with all cryptocurrencies, making Zcash and similar tokens attractive to users prioritizing these features.
Monero (XMR), another privacy-focused coin that is the leading privacy coin by market cap, also gained 3.6% to $346 in the last 24 hours. Despite being unlisted or restricted on most major exchanges, including Binance and OKX, as well as several European trading platforms, Monero continues to see activity, reflecting the demand for private and secure transaction options in the cryptocurrency space.
For more information on the developments in the cryptocurrency market, particularly regarding privacy-focused tokens like Zcash and Monero, readers can follow updates and analysis on reputable sources such as Cointelegraph.
