Zcash is 'running its own bull market' as ZEC price paints 88% rally setup
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- Zcash has entered a cup‑and‑handle technical pattern, with the "handle" near $625‑$650 and a breakout target of $1,091 for June/July, implying an 88% price upside.
- Zcash jumped 18% in the last three days while the overall crypto market slipped 3.45%; over the past month ZEC outperformed the market with a 73% gain versus a 0.2% rise in total crypto cap.
- Privacy coins such as Zcash, Monero (XMR) and Dash (DASH) led the sector rally, outpacing the broader market’s modest growth.
- Arthur Hayes (BitMEX co‑founder) warned ZEC’s market cap could reach 10% of Bitcoin’s, which would translate to a $9,225 price, and ZEC’s BTC‑denominated value has risen about 20.5% since his comment.
Why it matters: Investors in Zcash stand to gain up to 88% if the breakout occurs, while broader crypto traders miss the rally; the surge will draw fresh capital into privacy‑focused assets and pressure regulators.
