Zcash взлетает на 700% за месяц: Приватность становится востребованной Translation: Zcash Soars 700% in a Month: Privacy Becomes Highly Sought After

Since September, the price of Zcash has surged by 700%, and the volume of secure transactions in this anonymous cryptocurrency has reached an unprecedented 4.9 million ZEC.

Utilizing the zero-knowledge proof technology zk-SNARKs, the platform enables the transfer of tokens into a secure mining pool while concealing transaction histories. Over its development, Zcash has introduced three versions of its privacy protocol — Sprout, Sapling, and Orchard.

Each new iteration has created its own secure pool while maintaining full compatibility with its predecessors. At the time of writing, the largest of these pools is Orchard, which contains 4.1 million ZEC.

Helius Kab CEO Mert Mumtaz described this trend as “one of the wildest in crypto history.”

“The more ZEC that is secured, the higher the level of anonymity, making the entire Zcash network more private,” he explained.

Earlier, Mumtaz announced the formation of a new independent development team focused on scaling and securing the blockchain.

Zcash prices continue to climb. In the last 24 hours, the coin has appreciated by 8.6%, and by 46.4% over the week. At the time of writing, the asset is trading at $344.

One of the initial catalysts for this rally was the launch of the Zcash Trust by Grayscale. The demand for the asset may have also been sparked by legislative initiatives threatening user privacy.

However, the ZEC price is still 89.2% lower than its all-time high of $3,191 reached on October 29, 2016, according to CoinGecko. Former BitMEX CEO Arthur Hayes anticipates a rally of the anonymous token to $10,000.

Mumtaz predicted that the privacy-focused coin would surpass XRP in market capitalization.

In terms of growth, Zcash significantly outpaces the sector leader, Monero. By comparison, XMR’s price fell by 3.6% in the past 24 hours, with only a 3% increase over the week.

Monero’s price has increased by 13.6% in a month, while Zcash skyrocketed by 404%. The market capitalizations of the coins stand at $6.1 billion and $5.6 billion, respectively.

It’s important to note that new AML regulations prohibiting anonymous crypto accounts and the use of private coins will come into effect in the EU starting in 2027.