Privacy-focused cryptocurrency Zcash advanced 30% in the last 24 hours after crypto trader Arthur Hayes predicted that the token would eventually reach $10,000.
Zcash rally From $272 to a peak of $355 in the hours after Hayes’ “Vibe Check” Post On X on Sunday with the bullish forecast, that all other top 50 tokens by market capitalization changed more in the same time frame.
This is not the first time that Hayes’ predictions have been linked to the rise of a token. At the August WebX 2025 conference in Tokyo, he said that hyperliquid’s hype token could Increase 126 times over the next three years, resulting in a 4% spike for hype.
Hayes’ endorsement gave entrepreneurs FOMO
Crypto trader and Binance Square contributor, ab kuai dong, conjecture In an X post on Sunday that the Zcash rally was likely due to Hayes.
He said the endorsement of a “legendary Silicon Valley investor” prompted “everyone to follow suit and join in, subsequently triggering a month-long Fomo market frenzy.”
At the same time, a user under the handle Clemente, a crypto trader and board member of Treasury Company K9Strategy, admitted To jump into Zcash because they were filled with “so much fomo I can’t stop myself from running on this run.”
Privacy tokens in the spotlight
Meanwhile, an entrepreneur and investor under the handle of Jonnyjpegs conjecture That rally is more about users who want to invest in privacy-related tokens, as more governments Try to clamp down on encryption and other privacy-related technologies.
Zcash staged a 490% rally in the last 30 days and also crossed the $5 billion capitalization threshold for the first time on Sunday, according to Coingecko.
Related: ‘Dino Coin’ Season: Why are Zcash and Dash seeing the biggest rebounds?
The token was launched in October 2016 and uses an encrypted ledger with zero-knowledge proofs. Transactions can be transparent and publicly visible, or fully shielded, meaning both the sender and receiver are private, along with the transaction value.
Fellow Privacy-Focused Coin Monero (XMR), the leading privacy coin by market cap, too got 3.6% in the last 24 hours to $ 346. It remains removed or restricted on most major exchanges, including Binance and OKX, as well as several European trading platforms.
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