Zcash Breaks Into Top-20 Crypto, Hits $600! Finally! But Was It Worth the Wait?

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Markets

What to know:

  • Zcash (ZEC) is suddenly “back” in the top 20 cryptos, hitting over $600 for the first time since 2018. Yeah, it’s been that long.
  • It’s now got a market cap just shy of $10 billion. No big deal, right?
  • Privacy buffs and some fancy technical upgrades from the Electric Coin Company are making it happen. Apparently, people like privacy… who knew?

So, here we are. Zcash-remember it? The privacy-focused token that’s had a lot of potential, but mostly just kind of lingered around doing nothing? Well, it’s back in the top 20 cryptos, trading over $600 for the first time since, get this-2018! Which, by the way, was a looooong time ago. Seven years, to be exact. Crazy, right?

The token has shot up by over 1,270% year-over-year. Yup, you read that right. CoinGecko’s telling us it’s almost at a $10 billion market cap now. I mean, who knew privacy could get so popular? Apparently, the Electric Coin Company (those guys who do the techy stuff behind Zcash) has been cranking out upgrades, and it’s paying off. Go figure.

Also, the Zashi wallet? People are using it. Like, a lot. Apparently, wallets are the new hot thing now. Who saw that coming? It’s like Zcash is going through a whole reboot, like some underdog movie where the quiet guy comes in and takes over the big game.

In case you’re wondering, the trading volume has jumped to a cool $1.8 billion. Liquidity’s deepening across major platforms like Binance, Hyperliquid, and Bybit. It’s like Zcash is finally joining the cool kids’ table after years of trying to fit in.

Futures markets are also in on the action. Binance is leading with open interest around $340 million. So, if you’re wondering whether people are betting on Zcash’s future or just gambling, it’s a little of both. But don’t worry, the market’s not going wild with crazy speculation. The long-short ratio is pretty balanced. That’s… a good thing, right? Or is it? Who knows. I’m just here for the ride.

Spot market numbers are telling a pretty familiar story: about $801 million in spot volume over 24 hours. Futures are at a whopping $4.5 billion. So, yeah, it’s not just some pump-and-dump show-there’s actual demand for this thing. Real people, real money. Or, you know, real crypto wallets and… whatever this is.

Here’s the thing: Zcash has finally crossed that $500 mark, which feels like the 2021 highs all over again. It’s like it just took a long nap and woke up-refreshed, ready to take on the world. If this momentum keeps up, Zcash could have one of the strongest performances for any major crypto asset in 2025. It’s not just about the price recovery anymore. Nope, it’s like a whole new story is unfolding. Let’s just hope it doesn’t fall flat like so many other “comebacks” in crypto history.

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2025-11-07 10:55