Zcash (ZEC) has emerged as a standout digital asset, rallying amidst one of the most severe liquidation waves in recent crypto history.
Following President Trump’s unexpected tariff announcement that wiped out nearly $20 billion in leveraged positions, the privacy-focused cryptocurrency rallied to a four-year high.
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Why is Zcash Price Rising?
Data from BeInCrypto indicated that ZEC price briefly reached $282.59 on October 11 before settling around $257.96. Even after this pullback, the token achieved a 15% daily gain—its most significant increase since late 2021, when it last traded close to $295.
This continues a bullish trend for a digital asset that has surged over 100% this week and nearly 450% in the past month.
Zcash’s remarkable rally has been supported by a shift among crypto traders towards privacy-focused projects, driven by increased financial oversight from global authorities.
Additively, the token’s positive momentum has been bolstered by notable industry figures like Barry Silbert, founder of Digital Currency Group, who has recently shared multiple Zcash-related updates.
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Furthermore, some community members have highlighted that Zcash remains undervalued in comparison to its fundamentals.
Mert Mumtaz, CEO of Helius Labs, contended that ZEC has been functioning as a proof-of-work, fully distributed network for nine years.
According to him, the project provides user sovereignty, advanced encryption, and Bitcoin-like tokenomics at a fraction of the market capitalization of competitors like Litecoin or Cardano.
Mumtaz also mentioned a “renaissance” of developer activity, with new contributors focusing on performance upgrades and exchange integrations.
Given these insights, he argued that the token represents “the most obvious mispricing in crypto,” adding that:
“The community using the power of crypto and public markets to breathe life back into the project,” Mumtaz said.
Launched in 2016, Zcash employs zero-knowledge proofs to facilitate private transactions without disclosing the sender, receiver, or amount. These features are absent in leading cryptocurrencies like Bitcoin and Ethereum.
As global governments intensify financial surveillance, Zcash’s shielded-transaction model is becoming increasingly relevant among privacy-conscious users.
