Zcash (ZEC) has staged one of the most dramatic rallies in the crypto market this year, surging by nearly 390% over the past month and adding more than $3 billion in market capitalization, according to data retrieved by Finbold from CoinMarketCap on October 10, 2025.
At press time, Zcash coin traded at $237.85, up 33% in the last 24 hours, with daily trading volumes exceeding $1.47 billion, a 94% jump from the day prior.
The rally lifted ZEC’s market cap to $3.84 billion, compared with just $784 million on September 10, highlighting renewed institutional and retail interest in privacy-focused cryptocurrencies.
Why is Zcash (ZEC) price going up?
The sharp advance has been fueled by a mix of privacy demand, institutional adoption, and technical momentum.
The privacy narrative has resurfaced amid debates around surveillance, CBDCs, and government oversight. On October 7, MIT researcher and Zcash co-founder Madars Virza argued that ZEC’s shielded transactions offer stronger anonymity than Monero’s ring signatures, while also being more resilient against future quantum computing risks.
Institutional exposure has also grown. The Grayscale Zcash Trust (ZCSH) recorded $46 million in net inflows this week, with shares trading at a 340% premium to ZEC’s spot price. Accredited investors now hold $66 million worth of ZEC via the trust, a structure that reduces sell pressure on circulating supply.
Finally, ZEC’s rally was supported by a technical breakout. After clearing resistance at $216.4, the coin triggered more than $2 million in short liquidations and ended an eight-year downtrend against Bitcoin, fueling confidence among traders.
Institutional interest in Zcash crypto
Zcash’s strong performance has been amplified by institutional vehicles like Grayscale, which allow exposure without direct custody of the coin. This trend mirrors early Bitcoin ETF dynamics, where high premiums signaled growing demand and limited supply.
The premium on the ZCSH trust reflects both scarcity and bullish sentiment, with institutions effectively betting on ZEC’s long-term role in the privacy coin sector.
Zcash price prediction and risks ahead
Zcash coin now trades near its highest levels since 2018, with RSI at 80.5 and the MACD histogram at +10.5, pointing to strong bullish momentum but also overbought risk.
Social dominance for privacy coins has spiked to record highs, while ZEC’s shielded pool usage has surpassed 3 million coins. However, given the parabolic rally, traders are closely watching whether ZEC can hold above the $230–$250 range.
If Zcash price breaks above $250 with conviction, it could extend gains toward new multi-year highs. On the downside, failure to hold recent levels could trigger profit-taking and test support near $200.
