From dormant to dominant – How Zcash is fueling privacy coins’ comeback

ambcryptoPublicado em 2025-11-19Última atualização em 2025-11-19

Key takeaways

Why is Zcash suddenly surging?

ZEC has exploded nearly 600%, with rising demand for on-chain privacy.

Is this a proper long-term shift?

The numbers say yes.


Privacy coins weren’t supposed to be back. Not in an era where Bitcoin [BTC] ETFs pull in pension money and regulators praise “responsible innovation” like it’s a new civic virtue.

Yet here we are. And it’s not particularly convenient.

Every spike in interest means an equally big spike in legal scrutiny, and privacy tech has never had the luxury of neutrality. So is crypto drifting back to its cypherpunk roots, or is this just a blip on the radar?

ZEC takes center stage

Zcash [ZEC] has been the clear standout in the privacy-coin resurgence, climbing from roughly $60 in early October to nearly $600 at press time.

ZECZEC

Source: TradingView

The rally has been supported by a clean uptrend on the daily chart, where ZEC consistently respected its ascending support line until a brief pullback this week brought it back toward the $600 region.

This hasn’t happened with casual retail interest alone.

Source: CryptoQuant

CryptoQuant’s trading frequency metrics show an extreme spike in retail activity (clustered in deep red), with an unusually crowded spot market at the top.

Source: CryptoQuant

Whale participation has been steady throughout the climb, with larger-than-normal green bubbles appearing well before the retail surge.

As far as other privacy coins go…

Source: TradingView

Over the past week, ZEC was up 29.34%, at press time, far outpacing other privacy and payments-focused coins. Monero [XMR] was nearly flat at 0.36%, while Litecoin [LTC] slipped by 5.44%.

Even Dash [DASH], despite a mild 6.50% weekly rise, remains far behind ZEC.

Source: Coinmarketcap

Trading volume also proves the gap. ZEC processed over $2.02 billion in the last 24 hours, compared to XMR’s $194 million and LTC’s $710 million.

Beyond the charts

Although Zcash appears to be the only strong performer on paper, its rise reflects a broader shift in user priorities.

After two years dominated by discussions about ETFs and institutional custody, momentum is now returning to tools built for individual users.

The renewed interest in ZEC highlights a persistent demand for privacy, one that operates independently of intermediaries or corporate infrastructure.

Maria Carola, CEO of StealthEX, told AMBCrypto,

“(ZEC’s) rally totally outweigh the performance of major assets like Bitcoin, Ether, and Solana, which are still struggling to reclaim key support levels and preserve the remaining modest portion of their year-to-date gains.”

What’s notable is how quickly this shift has taken shape.

Zcash’s recent momentum comes as users grow more aware of data exposure, automated surveillance, and AI-based analysis of transaction behavior.

Its use of zero-knowledge proofs, rapid settlement, and selective disclosure via viewing keys demonstrates that privacy can scale efficiently, without compromising network speed.

This model is resonating, even if only one coin is showing it in the price charts so far.

A different kind of policy fight

This shift also makes ZEC’s rise easier to understand.

The regulatory mood around privacy isn’t static, and enforcement now hinges on how a system delivers anonymity… not just that it does.

Developers behind Tornado-style mixers continue to face prosecution for facilitating pooled, obfuscated transfers, even when courts have disagreed on the extent of criminal liability.

The harsher outcomes abroad, including multi-year sentences for mixer operators, mean regulators still view opaque smart-contract mixers as high-risk infrastructure.

But the policy landscape is not one-directional. U.S. officials have begun revisiting earlier decisions, rolling back certain sanctions tied to mixer contracts and acknowledging that the decentralized code introduces unresolved legal questions.

Zcash stands apart because it’s a full blockchain with optional transparency, so it doesn’t rely on mixers or pooled liquidity. Its design makes broad enforcement much tougher.

That matters more than you think.

Commenting on the broader shift beyond price action, Ray Youssef, CEO of NoOnes, said:

“This opens a window of opportunity for privacy coins to secure a strong, permanent position in the global cryptocurrency market—with potential relevance far beyond it.”

He emphasized that this remains valid even if ZCash’s rally is mainly driven by capital shifting under new geopolitical conditions, where ZEC acts as a fully anonymous bridge between blockchains.

The market is voting with its wallet

What’s happening now is about observable capital flows.

Assets that function like digital cash, fast, permissionless, and resistant to surveillance, are attracting significant liquidity. Zcash and Monero are leading this rotation, backed by growing usage metrics.

Zcash’s shielded pool activity has reached its highest levels in years, indicating that more users are choosing encrypted transfers over transparent ones.

This raises a key question: Is this just a short-term resurgence, or the beginning of a broader shift?

So far, address activity on privacy-focused networks has remained elevated for weeks, and spot liquidity continues to grow, even during market pullbacks. These trends are not typical of fleeting hype cycles.

If current patterns hold, privacy coins could be the central theme of the next cycle.

Share

Criptomoedas em alta

Leituras Relacionadas

Upbit is Anxious: A Hasty Counterattack Aimed at Regaining Stablecoin Market Share

Title: Upbit's Rushed Counterattack to Reclaim Stablecoin Market Share Facing a dramatic shift in South Korea's stablecoin market, leading exchange Upbit launched a promotional campaign from July 26 to August 9, waiving the 0.05% trading fee for stablecoins paired with the Korean Won (KRW) and rapidly listing new stablecoins like RLUSD and USDG. This move is a direct response to its plummeting market share in this sector. Historically a duopoly with Bithumb, the market has been reshaped since October 2025 when Coinone permanently removed fees for USDC trading. By June 2026, Coinone led with 34.8% of stablecoin volume, followed by Bithumb (31.1%) and Upbit (30.1%). This contrasts sharply with the overall crypto market, where Upbit commands 60%. The data shows stablecoin demand is highly sensitive to fees, as users primarily buy them to transfer capital overseas for derivatives trading or forex arbitrage. South Korean exchanges have seen a net outflow of stablecoins for 18 consecutive months, totaling approximately 14.9 trillion KRW, underscoring their role as a cross-border capital conduit. Upbit's limited-time promotion initially boosted its daily stablecoin volume by 162%, but the surge was almost entirely in USDT (98.1% of volume). The newly listed stablecoins saw negligible, fleeting interest. Furthermore, the promotional effect quickly waned in the second week, with volume dropping 33% on weekdays. A concurrent weakening of the KRW also contributed to the trading spike, independent of the fee waiver. The analysis suggests that once the promotion ends, Upbit is unlikely to retain its temporary gains unless it matches Coinone's permanent zero-fee policy, forcing a choice between market share and fee revenue. Upbit's strategic push may be less about immediate profit and more about preparing for future regulatory shifts. With South Korea's *Digital Asset Basic Act* on the horizon, which will regulate KRW-backed stablecoins, and following Dunamu's (Upbit's parent) integration into Naver Financial to build a payment ecosystem, securing a dominant position in the dollar stablecoin distribution channel holds long-term strategic value. However, potential regulatory conflicts could prevent Upbit from listing a future Naver-issued KRW stablecoin, making the current fight for dollar stablecoin flow even more critical.

marsbitHá 3h

Upbit is Anxious: A Hasty Counterattack Aimed at Regaining Stablecoin Market Share

marsbitHá 3h

Michael Saylor Compares Bitcoin and Gold!

Michael Saylor, founder of MicroStrategy, argues that Bitcoin fundamentally changes how wealth is stored and transferred by transforming digital scarcity into economic value. He describes Bitcoin as the first digital monetary network, combining computers, digital networks, and cryptography. It digitizes monetary assets, allowing their supply to be controlled by public protocols rather than institutions, thus converting economic value into information transmissible over global networks. Comparing Bitcoin to gold, Saylor states that while increasing Bitcoin's supply is harder, its integration with software and transfer is easier. He highlights Bitcoin's proof-of-work mechanism, which ties it to the physical world by consuming real energy to secure the ledger, making past transactions immutable. This creates a shared security system involving miners, energy companies, and investors. Saylor suggests "digital monetary energy" is a more accurate term than "digital gold." He emphasizes that the Bitcoin network is an adaptive ecosystem of miners, nodes, developers, and users. Its core design is intentionally simple, focused on maintaining a secure ledger for scarce digital assets, with complex functionalities built in higher-layer applications. This architecture allows Bitcoin to serve as a foundation for transmitting value and fostering innovation in payments and financial services. Saylor notes Bitcoin's deeper impact lies in creating digital sovereignty, where private keys give individuals permissionless control over their economic power, with ownership verified mathematically, not by institutions. He concludes that while gold's physical scarcity makes it money, Bitcoin's digital scarcity does the same, characterizing Bitcoin as the monetary energy of the digital age.

cryptonews.ruHá 4h

Michael Saylor Compares Bitcoin and Gold!

cryptonews.ruHá 4h

Trading

Spot

Artigos em Destaque

Como comprar ZEC

Bem-vindo à HTX.com!Tornámos a compra de Zcash (ZEC) simples e conveniente.Segue o nosso guia passo a passo para iniciar a tua jornada no mundo das criptos.Passo 1: cria a tua conta HTXUtiliza o teu e-mail ou número de telefone para te inscreveres numa conta gratuita na HTX.Desfruta de um processo de inscrição sem complicações e desbloqueia todas as funcionalidades.Obter a minha contaPasso 2: vai para Comprar Cripto e escolhe o teu método de pagamentoCartão de crédito/débito: usa o teu visa ou mastercard para comprar Zcash (ZEC) instantaneamente.Saldo: usa os fundos da tua conta HTX para transacionar sem problemas.Terceiros: adicionamos métodos de pagamento populares, como Google Pay e Apple Pay, para aumentar a conveniência.P2P: transaciona diretamente com outros utilizadores na HTX.Mercado de balcão (OTC): oferecemos serviços personalizados e taxas de câmbio competitivas para os traders.Passo 3: armazena teu Zcash (ZEC)Depois de comprar o teu Zcash (ZEC), armazena-o na tua conta HTX.Alternativamente, podes enviá-lo para outro lugar através de transferência blockchain ou usá-lo para transacionar outras criptomoedas.Passo 4: transaciona Zcash (ZEC)Transaciona facilmente Zcash (ZEC) no mercado à vista da HTX.Acede simplesmente à tua conta, seleciona o teu par de trading, executa as tuas transações e monitoriza em tempo real.Oferecemos uma experiência de fácil utilização tanto para principiantes como para traders experientes.

495 Visualizações TotaisPublicado em {updateTime}Atualizado em 2026.06.02

Como comprar ZEC

Discussões

Bem-vindo à Comunidade HTX. Aqui, pode manter-se informado sobre os mais recentes desenvolvimentos da plataforma e obter acesso a análises profissionais de mercado. As opiniões dos utilizadores sobre o preço de ZEC (ZEC) são apresentadas abaixo.

活动图片