Hyperliquid News Today: Zcash's Emphasis on Privacy Fuels Rally as Regulatory Concerns Rise
- Arthur Hayes' $10,000 Zcash (ZEC) prediction triggered a 30% surge, outperforming top 50 tokens. - Privacy coins gained traction amid regulatory scrutiny, with ZEC hitting $355 and Monero rising 3.6%. - Analysts highlight FOMO-driven rallies but warn of volatility, emphasizing tech/regulatory factors for long-term adoption.
Zcash (ZEC) jumped almost 30% within a single day after crypto entrepreneur Arthur Hayes suggested the privacy-centric coin might one day hit $10,000, as reported by
Hayes, recognized for his influential market forecasts, previously predicted Hyperliquid’s HYPE token would soar 126 times at the WebX 2025 event in Tokyo, which led to a 4% price jump. His recent support for
This price movement highlights growing interest in privacy-oriented digital assets. Trader and investor JonnyJpegs suggested the surge may be driven by users seeking privacy solutions as governments increase oversight of encryption. Since its 2016 launch, Zcash has utilized zero-knowledge proofs to allow fully private transactions, concealing sender, recipient, and transaction values. Another privacy coin, Monero (XMR), also climbed 3.6% to $346, despite being removed from major platforms like Binance.
Zcash’s gains over the past month have been even more striking, with its price up 490% and its market cap surpassing $5 billion for the first time. This mirrors trends seen in older privacy coins such as
Hayes’ impact reaches beyond just Zcash. At the WebX 2025 event, his optimistic outlook on Hyperliquid’s HYPE token triggered a 4% rally, demonstrating his sway over short-term market trends. Still, some warn that FOMO-fueled surges can be unstable, and the long-term future of privacy coins will depend on both technological progress and regulatory changes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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