Solana News Update: Zcash's Rising Privacy Encounters Centralization Risks Ahead of Upcoming Halving
- Zcash (ZEC) surged past $361, driven by institutional products, privacy tech demand, and a $10,000 price prediction by BitMEX co-founder Arthur Hayes. - Grayscale's Zcash Trust and Hyperliquid's futures listing boosted institutional adoption, while ZEC's zk-SNARKs protocol solidified its privacy coin leadership. - Privacy-focused crypto valuation hit $14.8B as ZEC's 500% monthly gain broke a four-year downtrend, though 51.2% mining centralization raises security concerns. - Upcoming halving and expanding
Zcash (ZEC) has climbed above $361, signaling a remarkable turnaround after years of little movement and reaffirming its status as a major contender among privacy coins. This upward momentum, driven by high-profile endorsements, the introduction of institutional investment products, and a renewed focus on privacy-centric technologies, has propelled
A significant factor behind ZEC’s rise was a bold
The
Technical analysis supports the strength of ZEC’s breakout. The coin has ended a
The wider crypto industry is also responding to the privacy trend. Solutions like Tempo, created by Stripe and Paradigm, along with Coinbase’s Base network, are adding privacy features to satisfy the increasing demand for secure transactions. As stablecoins and DeFi platforms continue to grow, the importance of private transfers is becoming a key factor for both individual and institutional participants.
Looking forward, ZEC’s future will depend on its ability to sustain both its technical progress and its narrative appeal. With the halving event just weeks away and institutional interest on the rise, the coin could challenge the $400–$450 range soon. Still, analysts warn that short-term price swings are likely, given the relatively small spot market and active derivatives trading.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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