Zcash: Приватность растет, а цена взлетает — 700% за месяц! Translation: Zcash: Privacy Grows, Price Soars — 700% in a Month!

Since September, the price of Zcash has surged by 700%, with the volume of secure transactions in this anonymous cryptocurrency reaching an unprecedented 4.9 million ZEC.

Utilizing zero-knowledge proof technology known as zk-SNARKs, the platform facilitates the transfer of tokens to a secure mining pool, concealing transaction histories. Throughout its development, Zcash has rolled out three versions of its privacy protocol — Sprout, Sapling, and Orchard.

Each new generation has established its own secure pool while maintaining complete compatibility with earlier versions. As of this writing, the largest pool is Orchard, which accounts for 4.1 million ZEC.

Helius Kab’s CEO Mert Mumtaz described this momentum as «one of the wildest in the history of the crypto industry.»

«The more ZEC that is secured, the higher the level of anonymity, making the entire Zcash network more private,» he explained.

Previously, Mumtaz announced the formation of a new independent team of developers tasked with scaling and securing the blockchain.

Zcash quotations continue to rise. Over the last day, the coin gained 8.6% and over the week increased by 46.4%. At the time of this writing, the asset is trading at around $344.

One of the initial catalysts for the rally was the launch of Zcash Trust by Grayscale. Legislative initiatives threatening user privacy may have also boosted demand for the asset.

However, the price of ZEC remains 89.2% below its all-time high of $3,191 reached on October 29, 2016, according to CoinGecko. But former BitMEX CEO Arthur Hayes anticipates a rally for the anonymous token to $10,000.

Mumtaz predicted that the private coin will exceed XRP in market capitalization.

Zcash is significantly outpacing the sector leader, Monero, in growth rates. For comparison, in the past 24 hours, the price of XMR has dropped by 3.6%, and it has gained only 3% over the week.

In the past month, Monero has risen by 13.6%, while Zcash has skyrocketed by 404%. The market capitalizations of the coins stand at $6.1 billion and $5.6 billion, respectively.

As a reminder, new AML regulations will come into effect in the EU in 2027, prohibiting anonymous crypto accounts and the use of private coins.