Zcash стремится к новым вершинам: эксперт предсказывает рост до $1000 Headline: Zcash aims for new heights: expert predicts growth to $1000

Arthur Hayes has predicted that the rally for ZEC will continue, potentially reaching $1000.

In the past 24 hours, the cryptocurrency Zcash surged by 20.6%. At the time of writing, ZEC is trading at roughly $520, marking the highest point since 2018.

The market capitalization of this privacy-focused coin rose to $8.5 billion. ZEC has ascended to the 26th position among the largest cryptocurrencies by market value, surpassing Monero, Litecoin, Avalanche, Hedera, and Sui.

Following Zcash’s achievement of another long-term high, BitMEX founder Arthur Hayes has forecasted the continuation of its rally towards $1000.

Previously, he had predicted that the coin might increase to $10,000.

Assets that prioritize privacy have benefited from the growing demand for financial anonymity amid tighter regulations worldwide. Specifically, by 2027, the EU will introduce new AML regulations prohibiting anonymous crypto accounts and the use of private coins such as ZEC and XMR.

The total capitalization of this sector has risen to $26 billion, with a 5.8% increase in just the last day.

Zcash has emerged as the primary beneficiary. However, some other coins have also exhibited impressive growth. Over the past week, Dash prices soared by over 124%, and Decred’s value increased by 150%.

Horizen and Railgun also saw price gains of 46% and 42%, respectively, during the same time frame.

The positive trend among anonymous cryptocurrencies stands out against the backdrop of lackluster performance in the broader market. On November 5, Bitcoin dipped below $100,000 for the first time since June, while Ethereum fell below the $3,000 mark.

The volume of secure Zcash transactions also set another record at 4.96 million ZEC, according to ZecHub. This accounts for over 30% of the total supply of the asset.

According to CoinDesk Research noted, more than a third of all crypto transactions occur within the private layer. Analysts highlighted that users are increasingly transferring coins from public blockchains into encrypted environments.

It’s worth recalling that Galaxy Digital expert Will Owens described Zcash as the «spiritual successor» to Bitcoin. He mentioned that proponents of the privacy coin view the excitement surrounding ZEC as a return to the principles of cypherpunk philosophy.