On October 31, 2025, the price of Zcash (ZEC) surpassed $390, marking a new all-time high for the privacy cryptocurrency. The coin, which uses zero-knowledge technology to ensure transaction privacy, has demonstrated one of the most impressive performances of any digital asset this year.
Over the past week, ZEC has risen by approximately 50%, attracting the attention of both institutional and retail investors. According to TradingView, the coin's market capitalization has risen to $6.2 billion, up from $1.1 billion at the end of September. This surge has allowed Zcash to overtake Monero and become the leading privacy token by market value.
According to CoinGecko, the combined market capitalization of all privacy cryptocurrencies has approached $22 billion. Experts attribute the growing interest in anonymous assets to heightened attention to privacy issues and increased regulatory oversight in the traditional financial sector.
One factor spurring ZEC's growth was Grayscale's recent announcement to open a private placement of Zcash Trust shares to accredited investors. This move sparked renewed interest in the asset from major market players, further accelerating its upward price movement.
Earlier, in January 2025, Binance included Zcash and Monero in its list of high-risk assets, which caused a short-term decline in interest. However, the situation has since reversed: ZEC's price has risen by approximately 1450%, while Monero has increased by approximately 110%.
Zcash's rise is part of a broader trend of increasing interest in privacy-focused tokens. Despite pressure from regulators, users are increasingly choosing anonymous solutions to protect their financial data.
Thus, Zcash's all-time high reflects not only the strong demand for the token itself but also the growing importance of privacy in the world of digital finance. Analysts believe that if the current trend continues, ZEC could consolidate at new levels and become a key cryptocurrency in the DeFi and Web3 sectors.