Zcash Just Did What XRP And ADA Couldn’t — What’s Behind The Brutal 223% Rally?
Zcash (CRYPTO: ZEC) is up 223% in October, rising from $74 to $240 after breaking a three-year downtrend and reigniting investor interest in its “encrypted Bitcoin” narrative.
‘Encrypted Bitcoin’ Narrative Puts ZEC Back In Spotlight
The term “encrypted Bitcoin” has gained traction on social media, with traders comparing Bitcoin’s (CRYPTO: BTC) six-figure valuation to ZEC’s current price under $250.
Zcash technology offers a deeper privacy layer while maintaining decentralized verification, a combination that appeals to investors looking for long-term optionality.
This narrative has pushed Zcash back into market conversations after years of relative silence.
Zcash Price Explodes Past 3-Year Downtrend
ZEC Key Technical Levels (Source: TradingView)
Zcash has broken through a multi-year descending resistance line on the weekly chart, ending nearly three years of consolidation …
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