Cryptocurrency prices plummeted overnight after significant losses on Wall Street. In the top 50, only one cryptocurrency is still resisting the fall: Zcash (ZEC). How can this be explained?
Zcash, the only survivor not to have fallen since yesterday
All 50 of the most capitalized cryptocurrencies are in the red this morning, after significant falls overnight. Bitcoin (BTC) lost 9%, while Ether (ETH) fell 10%. The total market capitalization of cryptocurrencies has fallen 8.4% since yesterday.
But one cryptocurrency has escaped the decline: Zcash (ZEC). At around 9 a.m. this morning, ZEC was up 3.5% since yesterday:
It must be said that the price of ZEC has been climbing steadily in recent weeks. Over the month, it has risen by 146%. Over the last three months, its price has skyrocketed by more than 2,000%. It has even surpassed its rival Monero (XMR) in the rankings, which is in 30th place among the most capitalized cryptocurrencies, while ZEC is now in 14th place.
Why this confidence in ZCash?
Zcash seemed to have been somewhat forgotten in recent years, overshadowed by its more media-savvy competitor, XMR. But 2025 is the year of ZEC’s comeback. The cryptocurrency has attracted a mass of new investors, propelling its price upwards.
One reason for this is that its anonymization capabilities are appreciated, and the asset is more readily available than Monero. XMR has been delisted from many exchange platforms, while Zcash, which is more “regulatable,” has managed to remain on them.
ZEC is transparent by default, functioning similarly to Bitcoin. You have to choose to “shield” addresses in order for them to become anonymous. This aspect appeals to regulated companies, which see it as less of a threat. The network has also undergone numerous improvements in recent months, making it easier to use. These reasons have combined to create “ZEC mania,” which has done the rest. As a result, ZEC is holding steady while other cryptocurrencies are falling.
However, it is important to note that beyond the promises of Zcash, elements of FOMO (fear of missing out) seem to be driving its price increase. Furthermore, it should be emphasized that the price of ZEC is still far from its all-time high. In October 2016, it reached $3,191. Nine years later, it is now only $672.
