
Jakarta, Pintu News ā Zcash , a privacy-focused altcoin built using zero-knowledge proofs technology, continued to be a hot topic in the community throughout November. The token showed independent movement and was not affected by the negative market sentiment.
Many experts predict that the ZEC price could break $1,000 this year, based on a number of factors. The following analysis will outline these drivers in more detail.
First, ZECs are no longer treated as short-term speculative assets, and they are beginning to evolve into strategic reserves.
Read also: PEPE Price Prediction: Despite Meme Coinās decline, PEPE has the potential to rise 12 ā 15%
Cypherpunk Technologies Inc. backed by Winklevoss Capital, recently announced the purchase of an additional 29,869.29 ZEC, valued at approximately $18 million. This purchase complements the previous acquisition of 203,775.27 ZEC.
Cypherpunkās total ZEC holdings now stand at 233,644.56 ZEC, at an average purchase price of $291.04 per unit.
Given this trend, analysts expect more companies to follow suit, making ZEC a strategic reserve asset. In fact, some predict the approval of a ZEC ETF in the near future.
āThe Winklevoss twins have started the first ZEC DAT. I expect higher mNAV and strong buying pressure for privacy coin-based DATs, as their ownership is not legal in many regions. ETFs are also likely to emerge. The āshielded/unshieldedā mechanism will be a trojan horse for privacy on a global scale.ā ā Mert, CEO of Helius
Second, Zcash exhibits characteristics independent of Bitcoin. Its movements no longer follow the volatility of the ācrypto kingā. In the past month, ZEC and Bitcoin have actually shown a negative correlation. When Bitcoinās price goes up and down, ZEC often moves in the opposite direction or remains more stable.

Data from DeFiLlama confirms this negative correlation. This means that ZEC movements are now driven by internal factors and are not dependent on Bitcoin fluctuations.
Usually, Bitcoin leads the direction of the altcoin market. But Zcash is starting to break out of this pattern thanks to its focus on privacy. In a negatively volatile Bitcoin environment, this negative correlation is a huge advantage for ZEC.
Third, social discussions about Zcash have increased much more rapidly than Bitcoin, signaling increased interest from retail investors.
Data from LunarCrush shows that Bitcoin is still ahead in total mentions, at 17.97 million. However, ZEC also recorded 346.72 thousand mentions. Interestingly, the growth rate of ZEC discussions in the past year reached +15,245%, far surpassing Bitcoinās growth of only +190%.
Read also: Solana Price Prediction: Key Indicators that Could Push SOL Towards $200
Finally, technical indicators are signaling a potential price breakout. According to analyst Ardi on platform X, ZECās chart shows an inverse head-and-shoulders pattern on the 4-hour timeframe. This pattern points to a price target of between $800 and $1,000, if ZEC manages to break theneckline area in the range of $680-$700.
Recent analysis from BeInCrypto also supports this view. A daily close above $748 could open the way to $1,010 and even $1,332. However, if the price drops below $488, the pattern is considered a failure and the structure should be recalculated.
ZCash (ZEC) is a cryptocurrency that focuses on privacy and anonymity of transactions. ZEC uses advanced cryptographic protocols to hide information about the sender, receiver, and transaction amount.
Cypherpunk Technologies is backed by Winklevoss Capital, which is an investment firm founded by Tyler and Cameron Winklevoss.
In the past month, ZCash (ZEC) and Bitcoin (BTC) have shown a negative correlation, meaning when BTC prices fluctuate, ZEC often moves in the opposite or more stable direction.
Thatās the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readersā information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetās 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: