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- Privacy coins like Monero and Dash outperform the broader crypto market.
- Zashi CrossPay enables cross-chain private transactions for shielded $ZEC.
- Technical indicators (RSI & MACD) support continued bullish momentum.
While top coins continued to struggle amid ongoing broader market turbulence, the privacy coin Zcash ($ZEC) has extended recent gains as the price broke to highs of $55.
Zcash ranked among the standout performers in the 100 largest coins by market cap early Wednesday. With over 10% gains in 24 hours, $ZEC is also green on the weekly time frame and well off the lows of $46 reached on Monday.
The altcoins’ uptick aligns with a broader resurgence in privacy-focused digital assets.
Zcash price gains 10% amid surge for privacy coins
On September 23, Zcash’s native token, $ZEC, dropped to lows of $48 as bulls struggled with overall sell-off pressure.
However, with key network milestones in place, a focus on privacy coins has seen $ZEC bounce sharply with a robust 10% increase over the past 24 hours.
On September 24, bulls have pushed its price to above $55.
This surge follows a notable rally in early May, when $ZEC briefly touched the resistance area around $56.
Bulls are looking to retest the key supply zone, and a 21% spike in daily trading volume to beyond $123 million suggests buyers are on top.
Notably, the uptick is part of a larger wave lifting privacy coins across the sector.
The privacy token category, which includes frontrunners like Monero ($XMR) and Dash ($DASH), has seen gains for $XMR, $DASH, DCR and ZANO.
According to CoinGecko, privacy coins outperformed the global crypto market in the past 24 hours.
Whereas the global crypto market cap has shrunk below $4 trillion, privacy coins are recording a 4% surge to over $8.2 billion.
Macroeconomic pressures, including geopolitical tensions and heightened regulatory scrutiny on transparent blockchains, have catalysed interest in privacy blockchains.
Zcash’s zk-SNARK technology positions it uniquely, allowing users to opt for shielded transfers that conceal sender, receiver, and amount information.
$ZEC price outlook amid Zashi CrossPay feature
Adding fuel to Zcash’s ascent is the recent rollout of the Zashi CrossPay feature, a pivotal upgrade announced by the Electric Coin Company (ECC) on September 16, 2025.
CrossPay extends Zcash’s zero-knowledge proofs to cross-chain payments, allowing holders of shielded $ZEC to execute private transactions on external blockchains via Near Intents.
Users can now convert and send $ZEC seamlessly to recipients on other networks without exposing metadata or transaction histories, addressing a long-standing barrier in multi-chain ecosystems.
3/ This week, Zashi CrossPay changed the game:
Zashi users can send crypto payments in over 100 @NEARProtocol-supported assets, including stablecoins, BTC, ETH, SOL, and more, without compromising their privacy.https://t.co/AUFqNP6bD9
— Zashi (@zashi_app) September 17, 2025
Zashi, ECC’s self-custodial mobile wallet, serves as the gateway for this functionality.
Built with a privacy-first ethos, it minimizes data leakage and supports features like encrypted memos. The CrossPay rollout transforms Zcash from a siloed privacy tool into a versatile payment layer.
Zcash’s shielded transaction volume has jumped amid this rollout, and future integrations could fortify $ZEC’s traction.
Technical indicators bolster the bullish outlook for Zcash’s price. A look at the daily chart shows the Relative Strength Index is above 60, indicating potential for further gains.
The MACD indicator also signals a bullish crossover, with the Zcash price retesting a key level after a technical breakout.