Zcash Market Cap Tops $5B on Privacy Demand Ahead of Halving

Zcash (ZEC), a leading privacy-focused cryptocurrency, has experienced a significant price surge, reaching new highs above $300 and achieving a market capitalization surpassing $5 billion. This rally is driven by multiple factors including the upcoming halving event expected in November 2025, which will reduce new coin issuance and potentially increase scarcity. Institutional interest has grown notably, highlighted by Grayscale's launch of a dedicated Zcash fund that attracted over $100 million, signaling strong demand and the possibility of future ETF conversion. The network's upgrade roadmap, particularly the NU7 quantum-resistant cryptography update, has bolstered confidence by addressing emerging security threats and enhancing privacy features. On-chain data shows increased adoption of Zcash’s shielded transactions, with rising volumes in both spot and futures markets underscoring heightened investor activity. Overall, Zcash's unique privacy technology, growing institutional backing, and technical momentum position it as a prominent player in the cryptocurrency market amid rising interest in privacy-centric assets.