Zcash Rides Privacy Coin Wave to $1,662

Zcash's price surged approximately 9% to $1,662.37 in recent trading sessions, outperforming Bitcoin's modest rise of 0.9%. This uptick is attributed to a broad rotation into privacy coins, which is driving narrative-driven capital flows.

According to trading data, Zcash recorded about $1.4 billion in transaction value with a 20% increase in trading volume over the last 24 hours.

The rally appears to be driven by a market-wide rotation into assets focused on privacy, as cryptocurrency analysts note that Dash surged 14.8% after activating shielded transactions.

Zcash is capturing this flow due to its position as a sector leader in the privacy meta, rather than any new ZEC-specific catalyst.

Recent developments such as the 21Shares ZEC ETP launch and Grayscale ETF have contributed to momentum, while Coinbase's enabling of Morpho loans for Zcash on September 26 has tightened exchange supply by allowing users to borrow USDC with an interest rate and repayment date set at the time of borrowing.