Zcash Price Jumps 500% in October, Fueled by Halving Hype and Prominent Endorsements

Zcash (ZEC), a privacy-focused cryptocurrency, experienced an extraordinary rally in October 2025, with its price surging by approximately 500%. This significant increase positioned ZEC as one of the few cryptocurrencies to achieve such substantial gains during the period. According to a tweet from Cointelegraph on November 1, 2025, "> "ZEC is up 500% in October, one of the few coins rallying. Celebrity calls and short squeezes pushed it higher."

The dramatic upturn marks a notable shift for Zcash, which had been trading below $50 for several years, breaking a multi-year downtrend. Zcash utilizes zk-SNARKs technology to offer users optional shielded transactions, ensuring privacy for sender, receiver, and transaction amount. This renewed interest highlights a growing demand for privacy-centric digital assets within the broader cryptocurrency market.

Several factors contributed to ZEC's remarkable performance, including anticipation of its upcoming halving event scheduled for November 2025, which will reduce block rewards and tighten supply. Prominent crypto figures, such as BitMEX co-founder Arthur Hayes, publicly endorsed Zcash, with Hayes forecasting a $10,000 price target. Additionally, Grayscale's announcement of a private placement of shares in a Zcash Trust for accredited investors further bolstered market sentiment.

The rally saw Zcash's market capitalization expand significantly, rising from approximately $1.1 billion at the end of September to over $6.2 billion. Technical indicators also signaled strong bullish momentum, with ZEC trading above key moving averages and experiencing high trading volumes. The price briefly touched above $390 during the month, reflecting intense buying pressure and speculative interest.

Despite the bullish sentiment, some analysts cautioned about the sustainability of the rapid surge. Concerns were raised regarding ZEC entering overbought territory, with its Relative Strength Index (RSI) nearing 79, potentially signaling a short-term correction. Experts also noted the presence of "FOMO" (fear of missing out) and warned of possible "exit liquidity traps" for late investors.

Looking ahead, the Zcash halving in November 2025 is expected to remain a key event, potentially influencing its supply dynamics and long-term valuation. The renewed focus on Zcash's privacy features and its recent market activity underscore its position as a significant player in the privacy coin sector. The cryptocurrency's future trajectory will likely depend on continued adoption, regulatory developments, and broader market trends.