Zcash (ZEC) Drops Over 35% in November — Why Experts Remain Optimistic

Zcash (ZEC) experienced a sharp correction, falling over 35% from its recent high near $750 in November. However, experts maintain a bullish outlook, primarily citing the significant growth in the Zcash Shielded Pool—the network's core privacy layer—which has risen from 2.6 million ZEC to over 4.1 million by early November, indicating rising demand for privacy-focused transactions. Industry figures, including Mert of Helius Labs and Omid Malekan of Columbia Business School, view this reflexive loop of speculation improving privacy properties as incredible. Furthermore, a report from a16z Crypto highlighted surging Google searches for crypto privacy and a softer regulatory stance, exemplified by the US Treasury lifting sanctions on Tornado Cash. Analysts view the price retracement as natural and healthy for sustaining a bull market, with some, like investor Yoshi, still predicting ZEC could reach $10,000. The combination of ZEC's lower inflation rate and growing privacy awareness forms a strong fundamental base, potentially inspiring rallies in smaller privacy altcoins.

(Source：BeInCrypto)