ZCash Price Prediction: Why Is ZEC Price Up Today?

ZCash Price Prediction: Arthur Hayes Predicts $10K Amid Halving Frenzy

The crypto community is abuzz with excitement as ZCash, a privacy-focused token, is experiencing a massive hike, aligning with the overall positive market trend. Jumping from around $270 to $370, the cryptocurrency has seen a remarkable surge of 26% in just a day.

Importantly, this upward movement has created significant exuberance, drawing in analysts and experts alike to provide an overall bullish ZCash price prediction. For now, the interest remains on what ZEC will do in the future, and whether or not the altcoin will reach its all-time high once again, and surpass BNB.

ZCash Price Prediction: Key Levels to Watch

Currently, ZEC is experiencing a considerable upward movement, having achieved a value of $363.95, with significant gains of 26% in a day, 48% for a week, and a staggering 546% in a month. Adding to the upward momentum is the growing community interest, which is evident based on the growth in 24-hour trading volume. Currently, the volume is at $1.57 billion, with an increase of 318%. Bullish momentum could push the price even higher, so the ZCash price prediction is a trending topic among traders and investors.

After the altcoin broke above the critical $350 resistance level, new possibilities are emerging for the asset. With volume increasing support and a Relative Strength Index (RSI) of 77, the rally could still continue.

The previous resistance level of $300 has flipped into support, sparking further optimism. This shift in market dynamics suggests that the altcoin has a solid foundation to build upon, potentially paving the way for further gains.

What’s Driving This Rally?

Arthur Hayes’ $10K ZCash Price Prediction

A notable driver of the ZEC’s current uptrend is an ambitious forecast from the BitMEX co-founder Arthur Hayes. As the altcoin exhibited a sustained growth, Hayes shared an X post, predicting its possible track to a bold $10,000. This projection has invoked a fresh wave of optimism, which has significantly boosted the value.

Halving Hype and Privacy Demand

Significantly, the anticipated halving in November 2025 is contributing to much of the current rally. The halving is projected to reduce the daily issuance of ZEC from 3,200 coins to 1,600 coins, and the inflation rate would be cut from 8% to 4%. History suggests that a halving could serve as a catalyst, as ZEC experienced a 170% increase after the 2020 halving. Additionally, the growing use of the shielded pool also shows the demand for privacy features that Zcash fulfills, with now 25% of the supply shielded, as well as serving the long-term outlook of the project.

Institutional Interest

Another major catalyst is Grayscale's launch of a Zcash Trust on October 26. It has opened a new institutional gateway to ZEC, allowing qualified investors to gain exposure without the hassle of custody or wallets. Some traders speculate this could pave the way for a potential CME futures listing for ZEC, further boosting its prospects.

What’s Next for ZCash?

If the altcoin continues on its current positive trajectory, it is poised to hit its all-time high of above $4,000, which it achieved during its initial days. In such a scenario, ZEC would join the ranks of major players like Bitcoin, Ethereum, and BNB, which have four-digit values.

According to analyst Captain Fabik, the next possible target for the crypto is $540, with a 75% hike. As the cryptocurrency has already soared past key resistance levels, its rally to this appreciable zone is imminent.