Zcash Price Prediction: Arthur Hayes Calls for "$1,000," ZEC Rises Another 20%

Privacy-focused project Zcash ((ZEC)) continued its explosive rally on Thursday, with monthly gains surpassing 1,000%, making it a star asset in the crypto market. This strong performance was driven by Arthur Hayes once again setting a bold short-term target of $1,000 and positive developments from the Zcash Foundation regarding network sustainability mechanisms. Fueled by institutional interest and whale accumulation, ZEC trading volume and open interest surged, drawing unprecedented market attention.

Zcash Price Breaks Key Resistance, Near 20% Daily Gain

On Thursday, Zcash experienced a robust single-day increase of over 20%, easily surpassing the $500 mark and setting new monthly record gains exceeding 1,000%. Amid a broader crypto market correction, this performance stood out as one of the best among digital assets. The momentum indicates renewed market focus on privacy coins and a strong bullish sentiment.

• Key Data Point: As of press time, Zcash trades around $521.50, with an intraday high of $521.35, demonstrating strong upward momentum.
• Market Structure Shift: With the price rise, ZEC’s total open interest broke above $863.58 million for the first time, with positions on major centralized exchanges increasing by nearly 30% in the past 24 hours, signaling rapid capital inflow and increased leverage.

Arthur Hayes Reiterates $1,000 Short-Term Target

Arthur Hayes remains a pivotal figure in boosting ZEC sentiment. On November 6, he publicly stated on social media that his next short-term target for Zcash is $1,000.

• Continuity of Target: This short-term outlook aligns with Hayes’ previous long-term prediction of $10,000, greatly fueling bullish enthusiasm and serving as a key catalyst for the massive buy-in seen today.
• Market Dynamics: Hayes explicitly encouraged short sellers (“trolls”) to keep operating while he and his followers continue accumulating large positions. This open call and betting strategy help maintain liquidity and market attention, fueling further upside.
• Historical Echo: Last week, Hayes accurately predicted ZEC would break $400 by Halloween, which was followed by a 20% rally, cementing his influence within the community.

Fundamentals and On-Chain Activity Drive the Rally

Beyond market sentiment, Zcash’s technical developments and on-chain activity underpin the price surge.

• Network Sustainability: Zcash founder Zooko Wilcox recently disclosed plans for a Network Sustainability Mechanism aimed at enhancing long-term security and ecosystem vitality—providing investors with confidence in its future.
• Institutional Catalysts: Early momentum was sparked by Grayscale’s announcement to open private placements of Zcash Trust to accredited investors, along with platforms like Hyperliquid offering up to 5x leverage on ZEC trading.
• Whale Movements: On-chain data shows active capital inflows. For example, Lookonchain reports a newly created wallet (0x96ea) opened a ZEC long position three days ago, now holding unrealized gains of $2.7 million, reflecting early strategic positioning by large investors.

Market Strategy: Watch Privacy Sector and Liquidity Trends

ZEC’s recent performance highlights a strong “de-risking” trend, with capital favoring scarce assets with privacy features. Investors should stay alert to open interest and whale movements, which are key indicators of potential short-term pullbacks or continued upward momentum. While short-term corrections are possible, community focus on privacy assets remains high.

Conclusion

Zcash’s recent surge signals a significant development in the crypto space, demonstrating that beyond macro narratives, themes like “privacy” and “scarcity” continue to attract substantial capital. Industry leaders like Arthur Hayes’ bullish outlook, combined with steady ecosystem progress, have propelled ZEC to new heights. Whether it can sustain $1,000 will be a crucial test of its long-term valuation thesis.