- Privacy coins like Monero and Dash are outperforming the broader crypto market.
- Zashi CrossPay enables cross-chain private transactions for shielded ZEC.
- Technical indicators (RSI and MACD) support continued bullish momentum.
While top cryptocurrencies struggled amid persistent market volatility, the privacy coin Zcash (ZEC) extended recent gains as its price broke out to a high of $55.
Zcash was among the notable performers Wednesday within the top 100 coins by market capitalization. With more than 10% gains in 24 hours, ZEC is also positive on the weekly timeframe and well above the $46 lows reached on Monday.
The altcoin’s rally is part of a broader resurgence in privacy-focused digital assets.
Zcash price rises 10% amid a rally in privacy coins
On September 23, Zcash’s native token ZEC fell to a low of $48 as bulls wrestled with overall selling pressure.
However, fueled by key network milestones, ZEC surged strongly as attention turned to privacy coins, recording a robust 10% increase over the past 24 hours.
On September 24, bulls pushed the price above $55.
This move follows a notable rally in early May when ZEC briefly reached the resistance area around $56.
Bulls are looking to retest the major supply zone, and a 21% jump in daily trading volume to over $123 million suggests buyers are taking charge.
Zcash price chart by TradingView
The recovery is notably part of a wider wave lifting privacy coins across the sector.
The privacy-token category, led by names like Monero (XMR) and Dash (DASH), has posted gains for XMR, DASH, DCR and ZANO.
According to CoinGecko, privacy coins outperformed the global crypto market in the past 24 hours.
While total crypto market capitalization has dipped below $4 trillion, privacy coins have risen about 4% to exceed $8.2 billion.
Macro pressures, including geopolitical tensions and heightened regulatory scrutiny of transparent blockchains, have catalyzed growing interest in privacy-focused blockchains.
Zcash’s zk-SNARK technology gives it a unique position, allowing users to opt for shielded transfers that conceal sender, receiver and amount details.
ZEC price outlook amid Zashi CrossPay rollout
Adding momentum to Zcash’s rise is the recent rollout of the Zashi CrossPay feature, a key upgrade announced by the Electric Coin Company (ECC) on September 16, 2025.
CrossPay extends Zcash’s zero-knowledge proofs to cross-chain payments, enabling holders of shielded ZEC to execute private transactions on external blockchains via Near Intents.
Users can now seamlessly convert and send ZEC to recipients on other networks without exposing metadata or transaction history, addressing a longstanding barrier in multi-chain ecosystems.
3/ This week, Zashi CrossPay changed the game:
Zashi users can send crypto payments in over 100 @NEARProtocol-supported assets, including stablecoins, BTC, ETH, SOL, and more, without compromising their privacy.https://t.co/AUFqNP6bD9
— Zashi (@zashi_app) September 17, 2025
Zashi, ECC’s self-custody mobile wallet, acts as the gateway for this capability.
Built with a privacy-first ethos, it minimizes data leaks and supports features like encrypted memos. The CrossPay rollout transforms Zcash from a siloed privacy tool into a versatile payments layer.
Shielded transaction volume on Zcash surged during the rollout, and future integrations could further increase ZEC’s traction.
Technical indicators bolster the bullish outlook for Zcash’s price. A look at the daily chart shows the Relative Strength Index sitting above 60, indicating room for additional gains.
The MACD indicator also signals a bullish crossover, with ZEC testing a key level again following a technical breakout.