Zcash Jumps 140% in a Week as Naval Ravikant Endorses ZEC — Could Privacy Coins Make a Comeback?
Zcash has seen an impressive 140% rise in value within just a week, driven by endorsement from prominent entrepreneur Naval Ravikant. This surge has sparked renewed interest in privacy-focused cryptocurrencies. Considering this sudden spike, the article explores whether privacy coins could be on the brink of a major resurgence and identifies other potential cryptocurrencies poised for growth.
Zcash Price Surges with 244% Monthly Jump and Eyes Higher Targets
Source: tradingview
Zcash (ZEC) has surged to $141.10, marking an explosive 139.74% jump in just seven days. Its market cap has climbed to $2.29B, fueled by a massive $1.14B in 24-hour trading volume. With circulating supply at 16.24M ZEC, the coin is riding strong momentum that pushed it from under $60 to above $140 in less than a week. The next key level lies near the $150–$160 zone, where resistance could test bullish strength. If broken, ZEC may aim even higher, supported by renewed interest in privacy coins and robust institutional activity.
Conclusion
Zcash (ZEC) saw a significant rise of 140% after endorsement from Naval Ravikant. This renewed interest highlights the potential for privacy coins to regain attention. Coins like Monero (XMR) and Dash (DASH) may also benefit from this shift. Privacy features could be more valued as concerns about data and transaction confidentiality grow. The market's reaction suggests that privacy coins could see increased adoption and relevance in the near future.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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