Arthur Hayes’ $10,000 ZEC Call Sparks Crypto-Wide FOMO, But Can Zcash Price Hold the Hype?
Arthur Hayes' $10,000 ZEC price prediction has fueled massive FOMO, driving Zcash's price up over 750% in three months.Summary
The Zcash (ZEC) price has surged over 750% in the last three months, recently gaining 20.8% to trade around $332.52, largely catalyzed by a $10,000 price target prediction from BitMEX co-founder Arthur Hayes. This renewed interest has sparked widespread Fear Of Missing Out (FOMO), with analysts noting structural catalysts like the launch of a Grayscale Zcash trust, a Hyperliquid listing, and an upcoming halving. However, skepticism remains; some analysts view the rally as a narrative-driven frenzy where early buyers might become exit liquidity, warning of a reflexive buying loop fueled by social media hype. Technically, ZEC is trading in an ascending channel, but its high RSI suggests it is overbought, making the $281.35 support level crucial for maintaining the bullish structure.
(Source：BeInCrypto)