Zcash (ZEC) has surged in value, becoming the second-best performing cryptocurrency among the top 100 by market cap. The privacy token’s price increased 9.4% in 24 hours and has seen massive growth over the past year, with a rally linked to its new listing on the popular trading platform Robinhood. This development comes despite previous turmoil within its core development team and a still-fragile broader crypto market. Analysts are divided on whether the asset’s rally can be sustained in the face of potential market corrections.
The cryptocurrency Zcash (ZEC) is currently the second-best performing digital asset among the top 100 projects by market capitalization, according to data from CoinGecko. Its price has surged 9.4% in the last 24 hours and has grown an astonishing 948.4% since April 2025, although it remains down 7.4% overall.
This latest upswing follows a much-awaited listing on the popular exchange Robinhood, which has about 25.2 million total users. The move likely triggered bullish sentiment by exposing the asset to a large pool of potential new investors, contributing to a significant price spike.
Zcash’s rally is notable given that the project faced substantial worries earlier this year when its core development team, the Electric Coin Company (ECC), quit en masse. However, the project has made a significant recovery in the months since that event, which had initially led to a massive price crash.
The sustainability of the rally is uncertain because the larger crypto market remains fragile. Bitcoin (BTC) is currently facing resistance at the $78,000-$79,000 price range, which could lead to a sideways trajectory or another correction. Despite this market context, CoinCodex analysts are quite bullish on Zcash (ZEC), with a platform prediction for continued gains.
The analysis from CoinCodex anticipates the privacy cryptocurrency will continue rallying over the coming months. The platform specifically predicts ZEC will hit $589.32 on July 11, 2026, which would represent a climb of approximately 70.7% from current levels.
