The price of Zcash (ZEC) has exploded 160% in just seven days, climbing to its highest level in three years. Riding the momentum, Hyperliquid introduced ZEC perpetual futures, giving traders up to 5x leverage to go long or short.
The announcement landed right as interest in Zcash was heating up on exchanges. On Friday, the privacy coin traded at $150, rallying from below $60 to nearly $155 in days, as per CoinMarketCap data.
Hyperliquid data showed that the ZEC price hit as high as $171.05 before easing to around $150, noting a surge of 4% in the past 24 hours. Trading activity also jumped as more buyers piled in, putting ZEC in the spotlight. As a result, it became one of the strongest performers in the market over the past day.
Strong technical backing
Technical signals backed Zcash’s rally. The RSI is at 63.85, showing strong momentum but not overheated levels. The MACD stayed in bullish territory, signaling ongoing strength. While momentum slowed for a moment, fresh buying pressure showed signs of recovery.
The Coinalyze chart shows Zcash shooting up quickly before settling into a steady range. What stood out was that while the price kept rising, the long-to-short ratio dropped from above 1.5 to about 0.74. This means that more traders started betting against ZEC even though its price action remained strongly bullish.
Institutional and community momentum
Institutional sentiment further fueled ZEC’s rise. Grayscale confirmed its Zcash Trust is now open for private placement, allowing accredited investors exposure similar to Bitcoin and Ethereum products. Additionally, ex-Coinbase engineer and Helius CEO Mert Mumtaz stressed privacy coins are critical as CBDCs advance. “Private money has to work,” he declared, warning of a dystopian outcome without it.
Zcash, ranked 82nd by market cap at $1.8 billion, remains a standout in the privacy sector. Its zero-knowledge proof technology allows users to control how much transaction data they reveal. As Zcash community advisor Thor Torrens, noted, “It’s about consent. $ZEC provides users with the POWER to SELECT which part of their transaction history they disclose.”
Zcash’s surge and Hyperliquid’s move point to a stronger push for private money in crypto. As institutions join in, ZEC could shape how people protect both their money and their freedom.
Also Read: Lido Token Jumps 7% After VanEck Files Staked Ethereum ETF
