October, known for its historically positive market trends, has seen limited gains for both Bitcoin and altcoins. However, after a significant market drop on October 11th (Black Friday), the outlook for crypto shifted. Though BTC and altcoins saw early upward movement thanks to potential Fed interest rate cuts and ongoing China-US dialogue, one asset bucked the trend – Zcash (ZEC). This veteran of the cryptocurrency industry experienced a remarkable surge in price, exceeding $360 after rising by 22.4% over 24 hours and gaining an impressive 540% in the past month. What’s behind this sudden jump in ZEC’s value? 24-hour gains were attributed to a mix of market sentiment and Arthur Hayes’ bold prediction, while the Grayscale-initiated surge that began in early October might be playing a role. BitMEX founder Arthur Hayes fueled the price climb by predicting a price of $10,000 for ZEC, igniting investor excitement. The recent rally echoes the impact of Grayscale’s launch of a new ZEC fund, allowing investors to directly participate. Experts speculate that this move could signify Grayscale’s future plans to apply for a Zcash ETF. Read more to learn about this potential catalyst for further price growth and explore the ongoing implications for the cryptocurrency landscape. **Disclaimer: This is not financial advice.**