important notes
- Zcash rose 36% in 24 hours following the bullish news from Grayscale.
- ZEC maximalists expect a price range of $5,000.
- The privacy-focused asset recorded $2 million in short-term liquidation.
Growing institutional interest and community hype is driving Zcash ZEC $172.5 24 hour volatility: 24.4% Market capitalization: $28.1 billion Vol. 24 hours: $742.79 million The privacy-focused crypto asset has reached levels not seen since early 2022.
Grayscale Zcash Trust, which was publicly established in October 2021, has started to rise gradually this year, increasing from $4.9 to $13.8 in the past 30 days.
Moreover, the investment product has a market capitalization of $66 million and 4.76 million shares have been sold so far, according to data from Investing.com. The fund has gained 340% in the past six months.
ZEC has also risen 36% in the past 24 hours and is trading at $180.7 at the time of writing. The market capitalization reached $2.93 billion, and the daily trading volume reached about $750 million.
Related article: Grayscale adds staking to first US Spot Ethereum ETF
The price increase also caused $2 million in short-term liquidations for ZEC futures traders, according to CoinGlass data. This added to the positive atmosphere towards the token.
Will next be the highest price in ZEC history?
Founded in October 2016, ZEC has fallen sharply from its all-time high of $5,941. Privacy Coin is still down 97% from its peak.
Following the recent price rally, the Zcash community is hinting at a $5,000 price target.
Zcash *win* $5000.
— -float-ᙇ (@floatxbt) October 9, 2025
ZEC maximalists remain bullish, but the new ATH conditions are very different now than they were in 2016. Zcash’s market cap at the time was just $5.5 million.
Currently, the circulating supply of ZEC is 16.25 million pieces. To reach the $5,000 mark, it would need a market cap of $81.25 billion, and to break through its previous ATH, Zcash’s market cap would have to be $96.54 billion.
These goals seem unrealistic with just the hype from the community and Grayscale investment products.
For Zcash to achieve this goal, it will require much more utility and interest from both retail and institutional investors. Given the volatile market environment, we believe a realistic price target of $800 to $1,000 would be a better choice for ZEC.
Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so we recommend that you verify the information yourself and consult a professional before making any decisions based on this content.
