Zcash Surges 30% Following Arthur Hayes' Prediction of $10K Target
Zcash has experienced a significant increase in value, soaring 30% after crypto personality Arthur Hayes suggested a potential price target of $10,000 for the cryptocurrency.
Privacy-centric cryptocurrency Zcash has seen a dramatic 30% increase in value within the last 24 hours, spurred by predictions from crypto entrepreneur Arthur Hayes that the token could reach $10,000.
Zcash’s price rose from $272 to a peak of $355 shortly after Hayes shared his optimistic forecast in a post on X. During the same timeframe, the token performed better than all other cryptocurrencies in the top 50 by market cap.
Hayes’ predictions have previously preceded notable price movements. Earlier at the WebX 2025 conference in Tokyo, he mentioned that the HYPE token could see a 126-fold increase over the next three years, which led to a 4% increase in its value.
Arthur Hayes Prediction
Source: Arthur Hayes
Hayes’ Influence Generate FOMO Among Traders
Crypto trader AB Kuai Dong suggested in a social media post that the recent surge in Zcash’s price was largely influenced by Hayes’ endorsement.
He noted that the backing of a ’legendary Silicon Valley investor’ incited widespread excitement, prompting many investors to participate and causing a significant FOMO (Fear of Missing Out) across the market.
Another trader, known as Clemente, expressed on social media that they had to get involved with Zcash as they were overwhelmed by FOMO during this price run.
Clemente’s Insight
Source: Clemente
Attention on Privacy Tokens
Additionally, a trader named JonnyJpegs speculated that the spike was not only due to Hayes but also reflected broader interest in privacy-focused tokens as governments tighten regulations on encryption technologies.
Zcash has experienced a stunning 490% increase in price over the last month and crossed the $5 billion market capitalization mark for the first time. According to CoinGecko, its ongoing momentum is noteworthy.
Zcash was launched in October 2016, utilizing an encrypted ledger with zero-knowledge proofs, allowing transactions to be either public or fully shielded to maintain sender and receiver anonymity. Fellow privacy coin Monero has also gained 3.6% recently but remains delisted from several major exchanges.
