Zcash Breaks Above $800 as Grayscale ETF Conversion Adds Fuel to Privacy Coin Rally

The privacy coin that spent years trading far below its previous cycle highs is suddenly the loudest part of the altcoin tape. Zcash jumped roughly 48% to trade above $800, topping its January 2018 peak, according to the market update. This was not a slow spot grind.

Futures volume hit billions of dollars as Grayscale’s filing showed fresh progress toward converting its Zcash Trust into a spot ETF.

The combination turned ZEC into a momentum magnet for traders who remember what happens when an older coin suddenly re-enters the “next bitcoin” conversation. The repricing had been building.

ZEC had already appeared among the top weekly gainers with a move north of 58%, before this latest burst pushed it through the 2018 high.