Zcash Surges to Four-Year High in Shielded Transactions

Zcash has maintained its price above $1,600 after gaining 10% in the previous session. The token's rally is supported by a surge in shielded transactions and fund inflows.

The network processed 62,379 shielded transactions last week, its highest weekly total since 2022. This increase in usage coincides with Zcash's rising price, suggesting that demand for the privacy-focused cryptocurrency is increasing.

A breakout above $1,700 could put the $2,000 psychological level in focus, while $1,595 serves as a key support area.