Zcash’s strong rise

After several years of stagnation, ZCash (ZEC) is experiencing one of the strongest comebacks of 2025 and has re-entered the top 20 cryptocurrencies in the market. In the past 24 hours, as the price of the cryptocurrency climbed to an 8-year high of $735, its market cap also reached over $10 billion, even briefly surpassing hyperliquidity.

At the time of writing, Zcash is trading at $569 and is ranked 14th in the market with a market cap of $9.27 billion. Meanwhile, BitMEX co-founder Arthur Hayes announced that Zcash is now the second largest asset in the Maelstrom investment fund’s portfolio. At the same time, according to the annual report of a16z, global searches for privacy-focused cryptocurrencies have increased significantly.

This growth has strengthened bullish sentiment in the Zcash trading community, and many retail investors have re-added the old cryptocurrency to their watchlists.