Zcash (ZEC) ETF Hopes Rise: Is $1,000 Now in Play?
Zcash experienced a 10x rally, and factors like a potential Grayscale ETF and increased adoption suggest a further rise toward $1,000 is possible.Summary
Zcash (ZEC) has seen a significant rally, surging over 10x from $73 to $736 in just over two months, bringing privacy technology back into the crypto spotlight and boosting its market cap ranking to 15th. This surge is supported by increased on-chain activity, including a 197% week-over-week jump in transfer transactions.
Several key developments suggest the rally could continue toward a $1,000 price target, which CoinCodex forecasts for Q2 2026. Major catalysts include Grayscale filing to convert its Zcash Trust into a spot ETF, leveraging Zcash's zk-SNARKs for selective privacy. Additionally, Cypherpunk Technologies, backed by the Winklevoss Twins, is actively acquiring ZEC, aiming for 5% of the total supply, providing persistent buying pressure.
Furthermore, usability and trading access have improved significantly. The Zashi wallet integrates NEAR Intents for easy swapping, shielded ZEC supply has grown substantially, and ZEC perpetual futures are now listed on Hyperliquid, indicating strong market interest.
(Source：BeInCrypto)