Zcash, a cryptocurrency known for its privacy features, saw a huge jump in value recently, reaching as high as $715. This is the biggest increase since 2018, and it has caught the attention of many in the crypto world.

One of the main reasons for this surge is the growing interest in privacy-focused cryptocurrencies. More people are using Zcash's privacy features, with a 15% increase in shielded holdings this month alone. This shows that there is a real demand for privacy in the crypto space.

Another factor contributing to the rise is the influx of institutional money. On-chain data shows that over $74 million worth of Zcash was moved to exchanges in a single day, which is a strong sign that big players are getting involved.

From a technical standpoint, Zcash is looking strong. It has achieved a full bullish alignment across its key moving averages, which is a good sign for traders. The price has also been respecting its trend channel, with support near the VWAP during brief pullbacks.

Looking ahead, the upcoming halving in November 2025 could provide further support for the price. Historically, halving events have led to upward price trends as the supply of the cryptocurrency decreases.

While other major cryptocurrencies like Ethereum and XRP have seen some caution in the market, Zcash is defying the trend and making a strong move upwards. Traders are now watching closely to see if this momentum will continue or if there will be a consolidation phase.

ZCASH RALLY

Zcash's Surprising Jump: What's Driving the Crypto's Sudden Rise?

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