Zcash (ZEC) and other privacy-focused coins have been on the rise recently, despite the general crypto market volatilty. In the past month, ZEC recorded impressive price gains of over 177%.
On November 1st, ZEC reached prices above $444, the highest in a year.
ZEC and Privacy Coins Rally
At the moment of writing this article, ZEC is trading above $388 with a market cap of over $6,3 billion. ZEC is up by over 177% in the past month.
ZEC surpassed Monero (XMR) in market cap by over $30 million today, and it’s up by 2% in the past 24 hours.
ZEC is among the top trending coins on November 3, according to data from CoinGecko, together with DASH and STRK. DASH was a top gainer in the past seven days, despite the crypto market volatilty.
The top gainers today are EPIC, up by over 26% today, NLK, up by more than 26% and DCR, up by over 19%.
The 24-hour trading volume of privacy coins is over $2,8 billion today.
The recent rally of these coins emphasizes a new interest in privacy and potential new ATHs for some of the assets.
ZEC’s Previous ATH and Future Trajectory
ZEC recorded its ATH on October 29, 2016, when the digital asset hit a price of over $5,941. In the past year, ZEC’s price fluctuated between $73 and $29, and the coin debuted a price surge on September 28 from $55, topping $444 on November 1.
The team behind Electric Coin Co., Zcash protocol creators, shared the roadmap of ECC on October 31, highlighting the key missions of the project:
- Empowering people with economic freedom
- Protecting privacy, consent, security, and human dignity
ECC’s roadmap for Q4 2025 includes the following priorities:
- Ephemeral transparent addresses – New temporary transparent address generation for every swap to ZEC using NEAR intents to boost privacy, and reduce transaction linkability
- Transparent address rotation – New transparent address generation every time a previous address receives funds
- Keystone resync and disconnect – Enabling Zashi-Keystone users to unlink and resync their Keystone devices
- P2SH multisig support in Keystone – Securing the management of Zcash Dev Fund resources to fuel ongoing Zcash development
The team at ECC released the project’s roadmap on the same day Bitcoin celebrated its 17th anniversary of the Whitepaper release.
If privacy continues to see increased importance in the ecosystem, this will boost ZEC’s price and other related coins, potentially leading to a new ATH.
Meanwhile, Daan Crypto, a popular trader and investor, also highlighted the latest ZEC and other privacy coins rally, saying that some beta coins like ZEN and DASH have been outperforming big in the short term.
According to him, when beta coins outperform their leader, this is a sign to be cautious, because liquidity is spreading more thinly and could cause the sector/narrative to end at some point.
