Zcash Surge: Cryptocurrency Hits $230 Amid Retail Trading Frenzy Translation: Zcash Surge: Cryptocurrency Hits $230 Amid Retail Trading Frenzy

Over the past two weeks, the price of the anonymous cryptocurrency Zcash has soared by more than 325%. On October 10, the value of ZEC hit $230 for the first time since 2022.

CryptoQuant analyst Burak Keshmechi indicated that the current growth of ZEC is likely to be short-lived. He noted a «sudden and sharp increase in retail trader activity» in the Zcash futures market. Historically, such behavior is linked to speculative peaks rather than sustainable accumulation phases.

«The chart shows that periods shaded in dark red (‘too many retail traders’) often coincide with local price highs or overheated mini-rallies. The latest surge is the largest since 2021 and indicates an unusual spike in activity driven by retail traders, with trading frequency significantly deviating from the organic demand structure for ZEC,» the expert stated.

For a new and long-term trend to emerge, this pattern must be accompanied by inflows in the spot market and institutional demand. Otherwise, the upward momentum may «fizzle out quickly, leading to a steep correction,» Keshmechi concluded.

The recent surge began following the announcement of the Zcash Trust by asset manager Grayscale, which is aimed at accredited U.S. investors.

Positive sentiment has also spread to other privacy coins, such as Dash and Railgun. The price of the latter surged by nearly 230% over the past week.

In the past 24 hours, the market capitalization of anonymous cryptocurrencies increased by 14%, reaching $12.7 billion.

Some analysts have also linked the rally in this segment to heightened discussions around privacy due to new governmental initiatives.

A significant public response has arisen around the «Chat Control» bill currently being considered by the European Union (EU), which proposes monitoring users’ private conversations using AI to detect prohibited content.

«Surveillance and censorship are not diminishing; they are intensifying. Privacy will only become more valuable. Increasingly, people will realize how transparent their actions are online, and censorship-resistant technologies will serve as our shield. For ZEC, this is just the beginning,» wrote former White House advisor and Zcash advisory board member Tor Torrens.

In October, the coin received public support from notable figures in the crypto industry, including venture capitalist Naval Ravikant.

«Bitcoin is a hedge against fiat. Zcash is a hedge against Bitcoin,» he noted at the beginning of the month.

Unlike the first cryptocurrency or Ethereum, Zcash supports fully private transactions through secure addresses, which can conceal the sender’s, recipient’s, and transaction amounts.

Joining the promotion of Zcash, Mert Mumtaz, CEO of Solana Helius Labs, stated that such tools as ZEC «truly enhance the privacy of cryptocurrency systems.» He anticipates the price of the asset to reach $1,000.

It is worth noting that by 2027, the EU will implement new AML regulations that will prohibit anonymous crypto accounts and the use of privacy coins like Monero and Zcash.