Zcash Surges Past $364 as Arthur Hayes’ $10K Prediction Ignites FOMO Rally
At the time of writing, Zcash (ZEC), a cryptocurrency that focuses on privacy, is trading for more than $364. This is a huge 27% increase in
Quick overview
- Zcash (ZEC) has seen a significant price surge, increasing 27% in 24 hours and 550% in 30 days, currently trading over $364.
- Arthur Hayes' endorsement of Zcash has sparked market-wide interest, leading to a rapid price increase and heightened FOMO among investors.
- Institutional interest in Zcash is growing, with Grayscale's new fund raising over $102 million and futures open interest skyrocketing to nearly $334 million.
- Technical analysis suggests Zcash may reach its all-time high of $384 soon, but caution is advised due to overbought conditions indicated by the RSI.
At the time of writing, Zcash (ZEC), a cryptocurrency that focuses on privacy, is trading for more than $364. This is a huge 27% increase in the last 24 hours and a 550% increase in the last 30 days. Arthur Hayes, a well-known crypto entrepreneur, recently gave the token a positive review and said it may eventually reach $10,000. This news led to the most recent price movement.
Hayes Endorsement Triggers Market-Wide FOMO for Zcash
After Hayes’ “vibe check” post on social media on Sunday, the recent rally sped up a lot. ZEC went from $272 to a high of $355 in just a few hours. During the same time span, the rise did better than the other top 50 cryptocurrencies by market capitalization, showing how powerful Hayes’ market predictions are.
Hayes has made successful calls before. At the WebX 2025 conference in Tokyo, he said that Hyperliquid’s HYPE token might go up by 126 times in three years. This caused the price of that asset to go up right away by 4%.
According to crypto trader AB Kuai Dong, the Zcash rally was caused by the “legendary Silicon Valley investor” who made a lot of people want to get in on the action. Even experienced investors like Clemente, who is on the board of the treasury company K9Strategy, said they were “filled with so much FOMO” that they couldn’t stay on the sidelines.
Zcash’s Institutional Backing Provides Fundamental Support
Zcash has gotten a lot of interest from institutions, not just people who are excited about it. Grayscale’s new Zcash fund has already raised more than $102 million in assets, even though it charges 2.50% in fees. This shows that accredited investors are quite interested in the fund. This change makes it more likely that the token will be converted into an ETF in the future, which would allow more people to buy it.
The rising interest from institutions can be seen in the derivatives markets, where Zcash futures open interest has skyrocketed to almost $334 million, up from less than $20 million before the Grayscale announcement. The volume of futures on Sunday was $713 million, which is still less than the year’s highest point of $3.25 billion.
On-chain analytics also reveal that the network is being used more and more, with shielded transactions—Zcash’s privacy-focused feature—hitting multi-month highs. The anticipated November 18 halving event, which will cut block rewards in half, is another positive factor because it will limit supply.
ZEC/USD Technical Analysis Points to Continued Upside with Caution
ZEC is challenging important resistance on the 4-hour chart at its all-time high of $372 and the R1 Pivot Point at $381. If the price breaks over $381, it will be able to go toward the R2 Pivot Point at $436, which is almost 20% higher than where it is now.
Momentum indicators are very bullish. The Moving Average Convergence Divergence (MACD) is still going up, with green histogram bars above the zero line getting taller. This shows that there is still strong purchasing demand. The Relative Strength Index (RSI), on the other hand, is at 73, which is well above the overbought level. This means that the rise may have gone too far in the short term.
Zcash has moved from the accumulation phase to the markup phase of the Wyckoff Theory on the weekly period. This is when there is a lot of institutional demand. The coin is presently trading well above its 50-week and 100-week Exponential Moving Averages, which confirms the positive trend structure.
Zcash Price Prediction: Targeting All-Time Highs Before Potential Correction
If Zcash keeps going up, it might reach its all-time high of $384 in the near future. If it keeps going up, it could even reach $436. The weekly RSI, on the other hand, has hit an extreme overbought level of 88, which is a level that has historically preceded corrections.
The primary Pivot Point of $303 is a key support level. A pullback of 17% would be healthy and give investors who missed the first rise a good chance to get back in. If it falls below this level, it could cause the mean to go back to the 50-week and 100-week EMAs.
Hayes’ long-term goal of $10,000 makes headlines, but getting there would mean prices would have to rise 27 times from where they are now. This would only happen if institutions kept using crypto, privacy coins got clear rules, and the whole crypto market got stronger.
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