Zcash storms into top 20 as price tops ~$520; market cap $8.53B as privacy narrative and Hyperliquid perpetuals add fuel

first published 2025-11-06T10:21:31Z

Zcash (ZEC) has rallied roughly 255% over the past month to trade above $500 (~$509.56), with 24h trading volume rising to over $1.75B and market cap near $8.3B. On-chain data shows shielded ZEC at a record ~4.96M tokens (over 30% of supply), indicating increased use of privacy features and smaller circulating supply. Peers like Dash, Railgun and Horizen have also gained. Analysts and influencers have drawn attention and discussed targets up to $1,000. Technical indicators show a strong uptrend and bullish MACD, but RSI around ~84 and rising open interest with negative funding point to possible short-term pullback or consolidation before further upside (targets toward $600+).

AI Analysis

The story reports a ~255% month rally to ~$510, a >$1.75B trading volume and ~$8.3B market cap, plus a record ~4.96M shielded ZEC (>30% supply) and peer gains; technicals note bullish MACD and ascending trendline but RSI ~84 and rising open interest/negative funding, supporting bullish medium-term view with risk of near-term consolidation.

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