ZEC Soars 75%, Breaking 8-Year Slump: Is Monero’s Privacy Empire Under Threat?

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In an extraordinary twist of fate, Zcash (ZEC), after languishing for eight long years, has suddenly burst forth like a dramatic hero in a Tolstoy novel. A surge of more than 70% in just a month? Truly, this is a tale worthy of the finest Russian prose. 😊

Industry analysts, of course, are all aflutter, suggesting this may signal a momentous shift in ZEC’s utility. Could it possibly dethrone the mighty Monero (XMR), long revered as the king of privacy coins? We shall see, dear reader, we shall see.

Is Zcash Dethroning Monero? 😱

Data from TradingView reveals that ZEC briefly touched the hallowed $70 mark today, with a weekly gain of 42% and a monthly surge exceeding 73%. The daily volume? A staggering $215.77 million. That’s right, folks-ZEC’s market cap now stands proudly at about $1.12 billion, reminding us all that there’s still room for surprises in this cryptic world.

The excitement is being fueled by a mysterious blend of new product developments and increasing institutional interest. Zashi Cross Pay, launched on September 16, has opened new doors for Zcash. It allows users to make private, cross-chain payments, shielding their ZEC as they make transactions to the likes of BTC, ETH, and even stablecoins. Truly, a technological marvel. 😏

Global regulatory scrutiny on transparent blockchains is intensifying, and investors, naturally, are seeking refuge in Zcash’s cryptographic privacy features, powered by the elusive zero-knowledge proofs (zk-SNARKs). The broader privacy coin sector is trending, with Google searches for terms like “privacy coins” reaching new peaks. And guess what? ZEC is leading the charge. You can almost hear the whispers: “Monero, who?”

Once a mere shadow of Monero, ZEC now stands tall as a genuine competitor in the privacy space. With a daily trading volume rivaling XMR’s $128 million, it’s not a stretch to say the tide is turning. Even Mert, the CEO of Helius Lab, recently gave Zcash a thumbs up, stating that he would prefer it over Monero. Why? Well, according to him, Monero’s privacy properties are, shall we say, a tad weaker. Ouch. 🔥

Zcash Technical Outlook: The Plot Thickens

Now, for those of you who like your crypto with a side of technical analysis (don’t worry, I’m one of you), ZEC’s rally has smashed through some key resistance levels. In fact, some analysts claim that it’s broken out from a multi-year falling wedge pattern. Yes, you heard that right-multi-year. We might need a new name for Zcash: “The Phoenix Coin.” 🔥

The $81.81 mark is the current target-likely inspired by either a Fibonacci extension or some resistance point from 2021 and 2022. Technical indicators are glowing with optimism, with a high RSI and a rising MACD histogram showing powerful upward momentum. The short-term targets? Somewhere between $70 and $78. If ZEC keeps the pace, it could eventually hit $98. A number so precise, it almost feels like destiny. 🌟

But, as with all good Tolstoy novels, the story is not without caution. A rally like this can often lead to short-term consolidation or, God forbid, profit-taking. However, the long-term outlook? Oh, it’s looking quite bullish. Perhaps Zcash is not just a privacy coin anymore-it’s a coin on a mission. But the real question remains: Will ZEC manage to topple Monero from its throne? Only time will tell. ⏳

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2025-09-30 15:59