Zcash (ZEC) Prints New 2026 High After 30% Daily Surge
BeInCrypto
Zcash surged nearly 30% to hit a 2026 high of $550, driven by market accumulation and optimism surrounding potential ETF developments.Summary
Zcash (ZEC) experienced a significant recovery, climbing nearly 30% in a single session to reach a 2026 high of $550. This rally has effectively erased the token's losses from earlier in the year. The surge is attributed to various factors, including accumulation by institutional investors like Multicoin Capital, a listing on Robinhood, an increase in shielded supply, and growing anticipation for a Grayscale spot ZEC ETF. While some analysts describe the move as a short squeeze, others remain cautious, noting that the rally currently lacks robust on-chain and social media support, making the durability of the breakout a key focus for market observers.
(Source：BeInCrypto)