In a notable shift within the cryptocurrency landscape, Zcash (ZEC) has surged by over 12% as privacy coins gain traction, capitalizing on Bitcoin’s impressive rise above $111,000. This momentum raises the question: could ZEC reach the coveted $100 mark soon?
Privacy Coins on the Rise: WLD Sees 16% Increase
The uptick in Zcash’s value coincides with a 49 billion dollar surge in the privacy coin market, which has also seen notable gains in Monero, MimbleWimbleCoin, Dash, and Decred. Among these, Worldcoin (WLD) has emerged as a standout, registering a striking 16% growth over the past 24 hours. This surge is attributed to the World Foundation’s recent acquisition of $135 million in funding through a private token sale to venture capital partners a16z and Bain Capital Crypto.
Boosting Zcash’s ascent are catalysts such as its recent integration with the decentralized liquidity protocol Maya. According to the announcement, this collaboration aims to enhance the decentralization, liquidity, and privacy of transactions within the ecosystem. “Integrating Zcash with the Maya protocol marks a significant advancement for liquidity and decentralized trading capabilities,” stated Maya in a blog post.
Zcash Hits $50: What’s Next?
Recent fluctuations have seen Zcash prices drop from a December 2024 peak of $75 to a low of $30 by February 2025. This decline reflected a broader market cool-off following the so-called “Trump trade.” Moreover, Zcash has faced scrutiny amid negative comments on privacy coins, leading to increased bearish sentiment.
The recent spike above $50, however, has fired up bullish sentiments. Should ZEC continue to gain momentum and establish strong support above this $50 mark, the next primary target could be $75. Additionally, the psychological threshold of $100 looms as another potential barrier, with short-term bullish market aspirations targeting the 2022 peaks above $177.
Crypto analyst Javon Marks shared a notably optimistic update regarding ZEC’s price trajectory, suggesting a potential breakout towards an ambitious target of $308.46, representing an impressive increase of over 555%.
$ZEC (ZCash) is back on the rise here and could be getting ready for a significant continuation towards the breakout target at $308.461! This target is currently in play and over 555% away so a substantial increase can be on the way… May 22, 2025.
On the downside, $45 and $40 may serve as critical support zones. However, Zcash’s integration with Maya and its firm positioning within the privacy sector serve as significant advantages. Zcash recently highlighted that a “truly private financial system protects all user data, not just names.” In light of recent security concerns surrounding various crypto projects and exchanges, users are increasingly inclined towards privacy coins that ensure user security for wallet addresses, balances, and transactions.
Both Monero and Zcash continue to stand out as leading coins emphasizing privacy, and the surge in their respective prices suggests a growing market interest.
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