Zcash remains above $500 after a pullback from the November high of around $744

Source: Yellow Original Title: Zcash remains above $500 after retreat from November high near $744

Original Link: Zcash (ZEC) traded around $525 on January 1 after a retreat in late December that tested the support near $500.

The privacy-focused cryptocurrency closed 2025 with an annual gain of 817% despite recent price volatility.

ZEC reached hit an all-time high of $744 on November 7 before entering a consolidation phase.

The December correction brought prices approximately 10% below the late-month highs as some investors took profits.

What happened

Zcash surpassed $500 for the first time in seven years at the end of 2025.

This rally coincided with renewed interest in privacy-focused cryptocurrencies across the market.

The supply of Zcash doubled to about 5 million tokens during 2025.

This accounts for around 30% of the total circulating supply of 16.5 million ZEC.

The 24-hour trading volume of this privacy coin remained high, close to $665 million, until the end of the year.

Zcash maintained gains of approximately 53% over the past 30 days despite the recent pullback.

Why it matters

Privacy coins gained significant traction in 2025 as users sought confidentiality in transactions amid increasing surveillance.

Zcash uses zero-knowledge proofs to enable fully encrypted transactions while maintaining blockchain transparency.

Asset manager Bitwise filed filed an application with the Securities and Exchange Commission at the end of 2025 for a Zcash (ETF).

The filing indicates growing institutional interest in privacy-focused digital assets.

Current support levels near $500 represent a key test of whether ZEC can sustain its recent rally structure.

The cryptocurrency’s performance reflects broader momentum in privacy-centric blockchain solutions heading into 2026.