Zcash experienced a 30% leap during the last 24 hours, with its price moving from 272 USD to 355 USD following prediction by Arthur Hayes of a potential increase to 10,000 USD. This rally also reflects a significant growth of 490% over the past month.
The surge is partly attributed to a FOMO sentiment among traders anticipating further price increases due to Hayes’ credibility. Interest in privacy-focused tokens like Zcash is growing, especially as government scrutiny on encryption intensifies.
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