
Jakarta, Pintu News – In recent months, the privacy currency Zcash has been in the spotlight due to significant price increases starting in late September. However, in the past seven days, Zcash has declined by more than 38% as traders took advantage of overbought conditions. Currently, Zcash is trading at $331, down 5.66% in the last 24 hours despite the general market gains.
Zcash peaked at $739 on November 16, but has since been on a steady decline. It lost key support at the 50-day SMA located at $436, which previously helped in the price rise since September.
This drop comes amidst the rising prices of several other altcoins that have recorded significant gains, catching the attention of the market. Zcash’s recent price drop has raised questions among investors and analysts about the currency’s future price prospects. Barry Silbert, founder of Grayscale and Zcash supporter, signaled that there could be a significant price spike triggered by a short squeeze.
Also Read: Ripple CEO’s Shocking Prediction: Bitcoin Will Break $180,000!
Barry Silbert, known as a big supporter of Zcash, recently stated that he is “busy making popcorn for the big short squeeze.” This comment came in response to a tweet from Zcash’s founder, which suggested that Silbert may have big plans for Zcash.
A short squeeze, indicated by Silbert, is a phenomenon where the price of an asset increases sharply due to the closing of short positions by traders betting on a further price drop. This often happens when sudden buying forces those traders to close their positions, which in turn pushes the price up dramatically.
Barry Silbert has long identified Zcash as one of the privacy currencies that interests him, predicting that privacy will become an increasingly popular investment theme. With current market conditions and a potential short squeeze, investors may see this as an opportunity.
In addition, with the increasing need for privacy in digital transactions, Zcash may offer unique value among other cryptocurrencies. This might spark renewed interest and investment in the long run, especially if Silbert’s prediction of a short squeeze materializes.
Although Zcash has experienced a significant price drop recently, optimistic comments from Barry Silbert about a potential short squeeze may give investors renewed hope. Against a backdrop of strong support and a growing privacy theme, Zcash still has the potential to surprise in the cryptocurrency market.
Also Read: Decisive Week: XRP Braces for a Huge December 2025 Surge!
Follow us on Google News to get the latest information about crypto and blockchain technology. Check Bitcoin price today, Solana price today, Pepe coin 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 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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.