Following a 40% drop from last weekend’s peak, Zcash surged 21% amid renewed market catalysts driving privacy-focused cryptocurrency gains.
Zcash (ZEC) rebounded to above $500 after a 21% surge, recovering from a more than 40% decline since hitting a seven-year high of $735 last weekend. The privacy-focused cryptocurrency’s rally was fueled by a major new catalyst, according to crypto.news, marking renewed investor interest in ZEC. This rebound follows strong prior momentum driven by endorsements from Naval and Arthur Hayes, which had pushed the broader privacy token market cap to $25.5 billion.