Zcash Soars 88% In 30 Days: Is ZEC The Stealth Winner Of This Crypto Cycle?

BitMEX co-founder Arthur Hayes has suggested that Zcash (ZEC) could eventually reach 10% of Bitcoin’s market capitalization, a long-term bullish thesis on privacy coins rather than a near-term price forecast. Based on ZEC’s circulating supply of around 16 million tokens, that scenario would imply a price in the high four-figure range, roughly $8,000–$10,000, depending on Bitcoin’s valuation.

A Chart Pattern Worth Watching

On the technical side, traders point to a possible cup-and-handle pattern, but this is a subjective chart formation with no guarantee of outcome. Resistance is often cited around $625–$650, with some speculative projections suggesting a move toward $1,000, though this depends heavily on broader market conditions and is not a confirmed target.

The target also lines up with ZEC’s 1.618 Fibonacci extension, drawn from a $745 swing high down to a $185 swing low.

<img data-recalc-dims="1" fetchpriority="high" decoding="async" class="aligncenter size-full wp-image-896992" src="https://dailytruthreport.com/wp-content/uploads/2026/05/a.jpg_ae2922.png" alt="" width="747" height="711" srcset="https://www.newsbtc.com/wp-content/uploads/2026/05/a.jpg_ae2922.png?w=747 747w, https://www.newsbtc.com/wp-content/uploads/2026/05/a.jpg_ae2922.png?w=563