- Zcash has surged over 20% in 24 hours and about 360% in 30 days, now trading around the low $620s with strong volume and network activity.
- Analyst Ali Martinez is eyeing a move to $750 for ZEC, while its hashrate hit an all-time high and its market cap rank jumped into the top 15, surpassing Monero and Shiba Inu.
- Not everyone is cheering: trader Ansem on X argues this rally “should’ve been Monero’s,” fueling fresh rivalry between the two leading privacy coins.
In the last 24 hours, Zcash has ripped more than 20% higher, extending a crazy run that’s been building for days. The privacy-focused coin is trading around the low $620s, after a fresh surge in both price and trading volume.
Crypto analyst Ali Martinez is now openly calling for ZEC to hit $750 “soon,” riding the momentum that kicked off around November 7. The move has been strong enough that short-term traders are excited, but honestly, nobody really knows if this level holds or if it’s just another sharp leg up before a brutal correction.
360% in 30 days and an 80% pump in just 4
Zooming out a bit, the numbers look even more insane. Over the past 30 days, ZEC has climbed roughly 360%, catching a lot of people completely off-guard. Many traders are still staring at the chart like, this can’t be right, right?
Back on November 3, Zcash was hovering around $390 after cooling off from a recent spike. From there to around $622 in just four days means more than an 80% rally in basically no time. A $750 target still sits a bit above the current price, sure, but based on how aggressive this move has been, it doesn’t feel impossible. Just risky, maybe a bit overheated too.
From rank 84 to top 15, jumping over Monero and SHIB
Not only has the price pumped, but Zcash’s position in the broader crypto market has shifted massively. It jumped from around rank 84 by market cap all the way up into the low teens, landing near rank 13. That run allowed ZEC to leapfrog some big names, including Monero (XMR) and Shiba Inu (SHIB).
The strength hasn’t been just price-based either. The network hashrate pushed to a new all-time high, signaling heavy mining activity and renewed interest from that side of the ecosystem. With Bitcoin trading in a choppy, range-bound zone, ZEC mining suddenly looks like one of the more profitable plays out there, at least for now.
Love from Ali, hate from Ansem, and the Monero drama
Of course, when a coin runs this hard, opinion splits fast. On one side, you’ve got Ali Martinez making bold calls and basically cheering ZEC toward $750 as the next big milestone. On the other side, you’ve got traders like Ansem on X (Twitter), who are straight up annoyed.
Ansem argued that this kind of pump “should’ve been Monero’s,” not Zcash’s, and he’s made it clear he hates seeing ZEC take the spotlight over XMR. That tension between two major privacy coins is feeding a bit of tribal energy online, with Zcash fans celebrating the comeback while Monero supporters feel like their coin is getting snubbed.
