Arthur Hayes, a co-founder of BitMEX, believes Zcash (ZEC) could potentially become quite valuable over the long term. He estimates that, if ZEC were to capture 10% of Bitcoin’s market value, its price could reach between $8,000 and $10,000, given its current supply of around 16 million tokens. It’s important to note this is a long-term prediction, not an immediate price target, and is based on the growing potential of privacy-focused cryptocurrencies.
A Chart Pattern Worth Watching
From a technical perspective, some traders have identified a potential cup-and-handle pattern, but it’s important to remember that chart patterns aren’t foolproof predictors. The price is facing resistance between $625 and $650, and while some predict a rise to $1,000, that’s highly dependent on overall market trends and isn’t a certainty.
The price target corresponds with a key level identified using Fibonacci retracement, specifically the 1.618 extension calculated from a recent high of $745 to a low of $185.
Privacy Coins Pull Ahead
Zcash isn’t the only privacy coin seeing growth – Monero and Dash have also increased in value recently. However, Zcash is currently leading the way, with its price jumping over 80% in the last month. This is especially notable because the overall cryptocurrency market has only seen a slight increase of 0.2% during the same period.
$ZEC update
This thing is running its own bull market rn… gg
I closed my short. Especially with $BTC sitting on support around $76k
Even a small pump in Bitcoin makes ZEC go absolutely stupid right now
— SnorlaX お金 (@SnorlaxOnChain) May 18, 2026
Over the last three days, Zcash (ZEC) has seen a significant price increase of 18%, while the overall cryptocurrency market has dropped 3%. This difference has led some traders to believe Zcash is experiencing its own independent price surge. The main driver behind this appears to be increasing demand for financial privacy, attracting new attention to a cryptocurrency that hadn’t received much notice in years.
Institutional Interest Adds Fuel
As a researcher, I’ve been tracking Zcash (ZEC) recently and noticed some interesting developments in May. Multicoin Capital publicly announced they’d invested in ZEC, and shortly after, Robinhood began allowing its users to trade the token. This means ZEC became accessible to a much larger group of individual investors.
I’ve been watching the privacy coin space, and things were already starting to heat up when Arthur Hayes chimed in with his price prediction for Zcash. It was just an estimate, based on how Zcash might compare to Bitcoin in terms of market value, but it definitely got people talking. Since he mentioned it, I’ve seen Zcash’s price, measured in Bitcoin, jump about 20.5%. It’s interesting to see how quickly these things can move based on commentary, even if it’s speculative.
As a researcher, I’ve observed that regardless of whether the cup-and-handle pattern confirms, this coin has already demonstrated its ability to experience independent price movement. It’s shown it doesn’t *need* a specific pattern to generate gains.
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2026-05-20 13:00