Zcash (ZEC) has soared more than 700% since late September, climbing to around $660 and overtaking Monero as the largest privacy coin by market capitalization. The rally pushed ZEC’s valuation above $7 billion, marking its strongest monthly performance in years and signaling renewed interest in privacy-focused digital assets.
Analysts attribute the surge to increasing adoption of shielded transactions now accounting for roughly a quarter of ZEC’s supply alongside rising institutional demand and broader market rotation into privacy-oriented cryptocurrencies. Technical breakouts and strong liquidity inflows have further accelerated the move.
With ZEC trading near multi-year highs, traders are watching whether the token can maintain support above $600 and consolidate its lead over Monero amid heightened volatility across the crypto market.
