The privacy-focused cryptocurrency Zcash surged 30% in the past 24 hours after cryptocurrency entrepreneur Arthur Hayes predicted that the token would eventually reach $10,000.
Within hours of Hayes posting a "mood check" on the X platform on Sunday with his bullish prediction, Zcash skyrocketed from $272 to a peak of $355, outperforming all other tokens in the top 50 by market capitalization during the same timeframe.
This is not the first time Hayes' predictions have been associated with a token's rise. At the WebX conference in Tokyo in August 2025, he stated that Hyperliquid's HYPE token could grow 126 times in the next three years, which led to a 4% increase in HYPE.
AB Kuai Dong, a cryptocurrency trader and contributor at Binance Square, speculated in a Sunday X post that Zcash's rebound was likely due to Hayes.
He said that the endorsement from the "legendary Silicon Valley investor" drove "everyone to jump on the bandwagon, triggering a full month of FOMO market frenzy."
Meanwhile, a user named Clemente, a cryptocurrency trader and board member of the treasury company K9Strategy, admitted to jumping into Zcash because they "FOMO'd too hard to sit this one out."
At the same time, a trader and investor named JonnyJpegs speculated that the rebound was more about users wanting to invest in privacy-related tokens, as more governments attempt to crack down on cryptocurrencies and other privacy-related technologies.
According to CoinGecko data, Zcash has risen 490% in the past 30 days and surpassed the $5 billion market cap threshold for the first time on Sunday.
The token was launched in October 2016 and uses a cryptographic ledger with zero-knowledge proofs. Transactions can be transparent and publicly visible or completely shielded, meaning both the sender and receiver are private, as well as the transaction amount.
Similarly privacy-focused token Monero (XMR), the leading privacy coin by market capitalization, also rose 3.6% to $346 in the past 24 hours. It remains delisted or restricted on most major exchanges, including Binance and OKX, as well as several European trading platforms.
Related: Fetch.ai partners with Ocean Protocol to return $120 million worth of FET tokens to avoid legal action
Original article: “Zcash Surges 30% After Arthur Hayes Predicts $10,000 Target”
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