Zcash Soars 20% as Arthur Hayes Sets Bold New Price Target of $1000

Jakarta, Pintu News – Zcash (ZEC) surged more than 20% on Thursday (Nov 6), extending its incredible rally to more than 1000% in just the past month. The rise comes as the privacy coin defies the crypto market’s downward trend and becomes the best digital asset to buy.

Billionaire Arthur Hayes stated that this rally is not over yet, and he also revealed his Zcash price target.

Arthur Hayes, Co-Founder of BitMEX, Predicts Zcash Price to Break $1000

As the price of Zcash (ZEC) surged more than 20% and passed the $500 mark today, BitMEX co-founder Arthur Hayes predicted that the next price target would be $1000. This short-term target is in line with his ambitious long-term projection of $10,000, which triggered massive buying of ZEC in just one day.

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In a post on platform X on November 6, Hayes also expressed his hope that his haters would continue to short ZEC, while he and his followers continued to accumulate large amounts of the asset. This, he argued, helped maintain liquidity and interest in ZEC, opening up further opportunities for price increases.

In the previous week, Hayes predicted that the ZEC price would break $400 on Halloween. This speculation sparked a huge stir in the crypto community and prompted a 20% price spike in a single day on that date.

Not only Hayes, but Zcash founder and cypherpunk luminary Zooko Wilcox is also pushing for this rally. Zooko revealed that the Network Sustainability Mechanism being designed for Zcash will further strengthen the security and long-term sustainability of this privacy coin.

It is worth noting that ZEC’s initial surge was triggered by an announcement from Grayscale opening up the Zcash Trust to private offerings for accredited investors, as well as the listing of ZEC with up to 5x leverage by Hyperliquid.

ZEC soars more than 20%

Retail investors as well as crypto whales continue to accumulate large amounts of Zcash (ZEC). According to a report from on-chain analyst Lookonchain, a new wallet (address 0x96ea) was spotted going long on ZEC three days ago, and has now recorded an unrealized gain of $2.7 million.

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As of November 7, 2025, the price of Zcash has risen 20% to $521.50. The lowest and highest prices in the last 24 hours were $429.23 and $521.35. Trading volumes have also remained high in recent days, reflecting great interest from traders.

Additionally, the total open interest for ZEC contracts across crypto exchanges has now surpassed $863.58 million for the first time. ZEC open interest increased by almost 30% in the last 24 hours, with a massive surge in buying on Binance, OKX, and Bybit.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Zcash (ZEC) Skyrockets 20% as Arthur Hayes Shares Another Bold Price Target. Accessed on November 7, 2025