On October 31, 2025, the cryptocurrency Zcash (ZEC), known for its focus on transaction privacy through zero-knowledge proof technology, set a new all-time high, exceeding $390 per coin. Over the past week, the token’s price has increased by approximately 50%.
This is reported by Finway
Growth Dynamics and Market Capitalization
Throughout the week, Zcash’s market capitalization has significantly increased and now exceeds $6.2 billion. In comparison, at the end of September, this figure was around $1.1 billion. As a result, Zcash has surpassed another popular privacy token, Monero, in market capitalization.
According to CoinGecko, the total market capitalization of all privacy-focused tokens has nearly reached $22 billion, indicating a growing interest from investors in such assets.
Growth Factors and Competitive Position
“It is noteworthy that the active growth of ZEC began after Grayscale announced the opening of a private placement of shares in the Zcash Trust for accredited investors.”
This move by Grayscale has been one of the key factors influencing the sharp increase in ZEC’s value. It is also important to note that in January 2025, the cryptocurrency exchange Binance categorized Monero and Zcash as high-risk assets. Despite this, during the period following this decision, Zcash appreciated by approximately 1450%, while Monero increased by 110%.
Thus, the rapid increase in the price of Zcash and the overall capitalization of privacy tokens underscores the significant demand for anonymous digital assets among investors.