ZCASH has been going crazy lately. Not only has it broken into the top 20 in the crypto market, but it’s now chilling in the top 10 (not counting stablecoins) after its market cap shot past $15.1B.
Though it’s sitting around $9B right now with the current market pullback, that 220% pump in just 30 days is absolutely insane compared to what most other coins have been doing.
With all the craziness behind it recently, Zcash has become the most searched coin on Coinbase, surpassing Bitcoin.
Interestingly, Zcash advocacy on X is quieter than it was in 2017–2020, even with everything that’s happened with the price. Mostly, it’s privacy-maximalist influencers who are caught up in the craze around this coin, and Arthur Hayes, whose every post about it has everyone calling him a LARP and saying he never bought the coin.
He made a cryptic tweet saying “You will never know,” which is fair, but what we definitely know is this: Zcash keeps doing its thing and pumping regardless of whether Arthur Hayes is actually involved or not.
ZCASH Price Prediction: Can it Overtake XRP?
ZCASH has been dropping lately alongside the market. It dumped hard from that $743 peak. Right now, it’s sliding toward what looks like a really important support zone between $500-$530.
The RSI is sitting at 36.51, so it’s not quite “oversold” yet. If it catches a bid here, we could see it bounce back up toward $700. However, first, it’d need to break through resistance at $604 and then $700. Those are the levels price needs to flip to show this thing is actually turning around.
If $550 doesn’t hold, though? Yeah, that’s when things could get worse. We’d probably see it slide down to test that $510-$530 demand area pretty quickly.
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