Hayes Suggests a Strong Zcash Forecast
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(Source: Arkham Intelligence)
"A combination of factors, including demand for privacy narratives, interest from institutional investors, and a supply structure, will lead to ZEC reaching four-digit price points," Hayes said in a public statement this month.
A 40% surge since the forecast, a 748% increase since the beginning of the year.
According to market data, the price of Zcash (ZEC) has risen by approximately 40% since Hayes made this prediction. The cumulative gain over the past month is 14%, and the year-to-date gain is over 748%, making it the most impressive performer among major cryptocurrencies.
"Four-digit prices are an initial target, not the final peak," Hayes said, adding that while he expects overall strength, "there is a possibility that prices could correct into the hundreds of dollars."
Demand for anonymous transactions is growing, with 30% of circulation moving to privacy addresses.
Market experts believe several structural factors support this optimistic outlook. On-chain data shows that approximately 30% of Zcash's current circulating supply has moved to "shielded addresses," an indicator of the continued growth in market demand for anonymous transactions.
In the virtual asset industry, interest in privacy coins like Zcash is rekindling as strengthened regulations and demands for privacy protection converge. It remains to be seen whether Hayes' latest outlook will mark a new turning point in the privacy-focused digital asset market.
Joohoon Choi joohoon@blockstreet.co.kr
