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

ambcrypto發佈於 2025-11-19更新於 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.

ZEC

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

你可能也喜歡

美国新加密法案将禁止稳定币生息,成为争议焦点

美国最新发布的加密货币市场结构草案加剧了银行与数字资产行业间的争执。法案试图为数字资产、交易所、稳定币、去中心化金融和自托管钱包制定更清晰的规则,但其中一项条款成为焦点:提议禁止向持有支付型稳定币的用户支付利息或类似收益。 银行业担忧生息稳定币可能像基于区块链的储蓄账户一样分流传统银行存款,因此支持该限制。法案草案禁止仅因持有稳定币而获得被动“闲置收益”,但仍允许基于活动或交易的奖励,这或使加密货币公司能继续提供忠诚度激励。 加密货币行业则认为其已做出重大妥协,并指责银行业试图通过游说维持对存款和支付基础设施的控制。尽管存在稳定币限制,法案仍包含被视为对加密行业和零售用户有利的条款,例如为网络代币和数字商品创建法律类别、提供更清晰的注册途径,以及保护合法的自托管钱包。 对零售用户而言,结果喜忧参半:一方面可能获得数字资产更明确的法律地位、更强的储备和披露要求以及更广泛的受监管加密服务;另一方面则可能失去稳定币近年来的主要优势——银行系统外简单的被动收益机会。这场争论的核心在于,稳定币应发展为开放的区块链金融产品,还是严格受限、仅与传统银行系统并行的数字支付工具。

ambcrypto6 小時前

美国新加密法案将禁止稳定币生息,成为争议焦点

ambcrypto6 小時前

交易

現貨
合約

熱門文章

如何購買ZEC

歡迎來到HTX.com!在這裡,購買Zcash (ZEC)變得簡單而便捷。跟隨我們的逐步指南,放心開始您的加密貨幣之旅。第一步:創建您的HTX帳戶使用您的 Email、手機號碼在HTX註冊一個免費帳戶。體驗無憂的註冊過程並解鎖所有平台功能。立即註冊第二步:前往買幣頁面,選擇您的支付方式信用卡/金融卡購買:使用您的Visa或Mastercard即時購買Zcash (ZEC)。餘額購買:使用您HTX帳戶餘額中的資金進行無縫交易。第三方購買:探索諸如Google Pay或Apple Pay等流行支付方式以增加便利性。C2C購買:在HTX平台上直接與其他用戶交易。HTX 場外交易 (OTC) 購買:為大量交易者提供個性化服務和競爭性匯率。第三步:存儲您的Zcash (ZEC)購買Zcash (ZEC)後,將其存儲在您的HTX帳戶中。您也可以透過區塊鏈轉帳將其發送到其他地址或者用於交易其他加密貨幣。第四步:交易Zcash (ZEC)在HTX的現貨市場輕鬆交易Zcash (ZEC)。前往您的帳戶,選擇交易對,執行交易,並即時監控。HTX為初學者和經驗豐富的交易者提供了友好的用戶體驗。

468 人學過發佈於 2024.12.12更新於 2025.03.21

如何購買ZEC

相關討論

歡迎來到 HTX 社群。在這裡,您可以了解最新的平台發展動態並獲得專業的市場意見。 以下是用戶對 ZEC (ZEC)幣價的意見。

活动图片