#ZECUSDT
The concept of privacy coins has been hyped for years—so why has Zcash surged to such a high position? Here are my personal thoughts.
1. Grayscale’s ZCSH-ETF officially listed on the NYSE. This is the most direct trigger. Previously, institutions had difficulty accessing privacy coins, but now ordinary brokerage accounts can buy shares of this ETF directly.
2. In the AI era, the space has developed rapidly, and the privacy-coin narrative has been reignited. The market has started to hype a story: Zcash can be used to counter on-chain big-data surveillance. You can choose privacy—either transfer transparently like regular transactions, or make privacy transfers using zero-knowledge proofs. It’s precisely this auditable privacy that gives it a chance to pass regulatory scrutiny, unlike coins that are fully anonymous.
3. Supply is getting tighter. Zcash’s circulation mechanism is similar to Bitcoin’s and also has a halving mechanism. It completed its second halving in 2024. The added selling pressure has decreased, and combined with a large number of coins entering shielded privacy pools—effectively disappearing from secondary-market circulation—once capital steps in, price volatility can be very large.
4. Liquidations of shorts and stop-losses trigger a domino effect of panic selling—this part doesn’t need much explanation. Contract traders all understand.
The concept of privacy coins has been hyped for years—so why has Zcash surged to such a high position? Here are my personal thoughts.
1. Grayscale’s ZCSH-ETF officially listed on the NYSE. This is the most direct trigger. Previously, institutions had difficulty accessing privacy coins, but now ordinary brokerage accounts can buy shares of this ETF directly.
2. In the AI era, the space has developed rapidly, and the privacy-coin narrative has been reignited. The market has started to hype a story: Zcash can be used to counter on-chain big-data surveillance. You can choose privacy—either transfer transparently like regular transactions, or make privacy transfers using zero-knowledge proofs. It’s precisely this auditable privacy that gives it a chance to pass regulatory scrutiny, unlike coins that are fully anonymous.
3. Supply is getting tighter. Zcash’s circulation mechanism is similar to Bitcoin’s and also has a halving mechanism. It completed its second halving in 2024. The added selling pressure has decreased, and combined with a large number of coins entering shielded privacy pools—effectively disappearing from secondary-market circulation—once capital steps in, price volatility can be very large.
4. Liquidations of shorts and stop-losses trigger a domino effect of panic selling—this part doesn’t need much explanation. Contract traders all understand.