- Privacy-focused coins such as Monero and Dash are outperforming the broader crypto market.
- Zashi CrossPay enables private cross-chain transactions for shielded ZEC.
- Technical indicators (RSI and MACD) support continued upward momentum.
While major coins have struggled amid ongoing market volatility, privacy coin Zcash (ZEC) has extended recent gains, surging past $55.
Zcash emerged among the top performers within the top 100 coins by market capitalization early Wednesday. With a gain of more than 10% over 24 hours, ZEC is also green on the weekly timeframe and has recovered significantly from the $46 lows seen on Monday.
The altcoin rally aligns with a broader resurgence in privacy-focused digital assets.
Zcash price jumps 10% as privacy coins rally
On September 23, Zcash’s native token ZEC fell to a low of $48 as bulls contended with widespread selling pressure.
However, with key network milestones in place, renewed attention on privacy coins has propelled ZEC sharply higher, recording a robust 10% rise over the past 24 hours.
On September 24, buyers pushed the price above $55.
This move follows a notable rally earlier in May, when ZEC briefly approached resistance near $56.
Bulls appear intent on retesting that major supply zone, and a 21% increase in 24-hour trading volume to over $123 million suggests buyers have the initiative.
Notably, the rally is part of a wider wave lifting privacy coins across the sector.
The privacy token category, which includes leaders like Monero (XMR) and Dash (DASH), has seen gains for XMR, DASH, DCR and ZANO.
According to CoinGecko, privacy coins outperformed the broader crypto market over the past 24 hours.
While total crypto market capitalization slipped below $4 trillion, privacy coins recorded a roughly 4% rise to over $8.2 billion.
Macro pressures, including geopolitical tensions and increased regulatory scrutiny of transparent blockchains, have helped drive renewed interest in privacy-focused networks.
Zcash’s zk-SNARK technology gives it a distinct position, allowing users to opt for shielded transfers that conceal sender, recipient and amount details.
ZEC price outlook amid Zashi CrossPay rollout
Fueling Zcash’s advance is the recent rollout of Zashi CrossPay, a significant 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 make private transactions on external blockchains via Near Intents.
Users can now convert and send ZEC seamlessly to recipients on other networks without revealing metadata or transaction history, addressing a long-standing challenge 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-custodial mobile wallet, serves as the gateway for this functionality.
Built with a privacy-first ethos, it minimizes data leakage and supports features like encrypted notes. The CrossPay rollout transforms Zcash from a siloed privacy tool into a versatile payments layer.
Shielded transaction volume for Zcash has risen amid the rollout, and future integrations could further boost ZEC’s appeal.
Technical indicators bolster the bullish outlook for Zcash’s price. On the daily chart, the Relative Strength Index sits above 60, indicating room for additional gains.
The MACD also shows a bullish crossover, with Zcash retesting a key level following a technical breakout.