Zcash's Rapid Growth in Privacy Features Draws Regulatory Attention as Market Value Reaches $5.6 Billion

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Zcash's Rapid Growth in Privacy Features Draws Regulatory Attention as Market Value Reaches $5.6 Billion

Bitget-RWA2025/11/01 08:42

By:Bitget-RWA

- Zcash (ZEC) surged 472% since October, hitting $5.6B market cap driven by institutional demand and November halving anticipation. - High-profile endorsements from Naval Ravikant and Arthur Hayes boosted ZEC to $420, with Grayscale Zcash Trust managing $151.6M assets. - Privacy-focused upgrades like transparent address rotation and multisig support aim to strengthen ZEC's position against Bitcoin/Monero. - ZEC's 30% shielded pool adoption and halving event intensified speculation, while U.S. Treasury scru

Zcash (ZEC) has seen an explosive rise, with its market cap briefly exceeding $5.6 billion and open interest in

ZEC

perpetual futures contracts reaching around $713 million as of November 1, based on

Coinglass data

. Over the past 24 hours, ZEC’s price has soared, jumping 472% since the beginning of October, according to a

CryptofrontNews report

. This dramatic rally has been fueled by institutional interest, strategic trading activity, and anticipation for the November halving. As a result, ZEC has emerged as a major force among privacy coins, a sector now valued at $22.7 billion, according to

Lookonchain analysis

This surge has been further propelled by endorsements from leading figures in the crypto industry. Naval Ravikant, a prominent Silicon Valley investor, described ZEC as "insurance against

Bitcoin

," igniting significant interest. Likewise, Arthur Hayes, co-founder of BitMEX, has repeatedly forecasted that ZEC could eventually hit $10,000, calling its momentum “unstoppable.” Such remarks have not only energized retail traders but have also attracted institutional investors to Grayscale’s

Zcash

Trust, which now oversees $151.6 million in assets. The trust, which provides regulated access to ZEC, saw its shares climb 16.88% in a single day, reflecting the widespread market optimism.

Ongoing technical advancements within the Zcash network have also contributed to its upward trajectory. The Electric Coin Company (ECC), which leads Zcash’s development, has released a

Q4 roadmap

that prioritizes upgrades to privacy and governance. Notable plans include implementing temporary transparent addresses, rotating transparent addresses to minimize transaction traceability, and adding multisig functionality for safer management of development funds. These improvements are designed to reinforce Zcash’s reputation as a privacy-oriented alternative to Bitcoin and Monero, with ZEC recently overtaking both in market cap, as reported by

Yahoo Finance report

Wider market trends have also played a role in ZEC’s strong performance. On November 1, ZEC’s price hit $420, marking a 13.95% increase in 24 hours, while its shielded pool now contains 4.9 million ZEC—almost 30% of the total supply. The growing use of privacy features reflects institutional concerns about digital asset monitoring, making ZEC an appealing option for those seeking protection from regulatory oversight. The upcoming halving in November, which will cut block rewards by half, has further fueled speculation about price increases due to reduced supply.

ZEC’s rally has had a positive impact on the broader privacy coin market, with

Dash

and Monero (XMR) also recording gains of 22.2% and 3.6%, respectively, over the last day. However, the sector’s rapid expansion has caught the eye of regulators, especially the U.S. Treasury, which has recently requested public feedback on privacy-enhancing technologies.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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