Privacy-centered cryptocurrency Zcash has surged 30% within the last 24 hours after crypto entrepreneur Arthur Hayes predicted the token would eventually attain $10,000.
Zcash rallied from $272 to a prime of $355 within the hours after Hayes’s “vibe evaluate” put up on X on Sunday with the bullish prediction, outperforming all assorted prime 50 tokens by market capitalization over the the same timeframe.
This isn’t the principle time Hayes’ predictions contain been linked to a token’s upward thrust. On the August WebX 2025 convention in Tokyo, he acknowledged that Hyperliquid’s HYPE token could well perchance safe greater 126 events over the next three years, which resulted in a 4% spike for HYPE.
Hayes’ endorsement gave merchants FOMO
Crypto trader and contributor to Binance Sq., AB Kuai Dong, speculated in an X put up on Sunday that the Zcash rally used to be probably due to the Hayes.
He acknowledged the endorsement by a “legendary Silicon Valley investor” drove “each person to dispute the pattern and join in, due to the this reality triggering a fat month’s FOMO market frenzy.”
On the the same time, a consumer under the take care of Clemente, a crypto trader and board member of the treasury firm K9Strategy, admitted to jumping in on Zcash because they were filled with “so great fomo I couldn’t preserve myself sidelined to this speed.”
Privacy tokens within the highlight
Meanwhile, a trader and investor under the take care of JonnyJpegs speculated that the rally used to be more about users desirous to make investments in privateness-associated tokens, as more governments strive to clamp down on encryption and assorted privateness-associated applied sciences.
Zcash has staged a 490% rally within the last 30 days and moreover crossed the $5 billion market capitalization threshold for the principle time on Sunday, per CoinGecko.
The token launched in October 2016 and uses an encrypted ledger with zero-files proofs. Transactions could well perchance even be clear and publicly viewable, or fully shielded, meaning each the sender and receiver are non-public, alongside with the transaction amount.
Fellow privateness-centered coin Monero (XMR), the main privateness coin by market cap, moreover gained 3.6% within the last 24 hours to $346. It remains delisted or restricted on fundamental exchanges, including Binance and OKX, as effectively as several European shopping and selling platforms.
