Zcash Soars 983% in Just 60 Days: Privacy Narrative Fuels Bull Run

The cryptocurrency Zcash (ZEC) has experienced a remarkable surge of over 983% in just sixty days, with another 14% jump occurring in the same timeframe. This impressive rally is driven by factors including growing adoption of shielded transactions, technical momentum, and renewed interest in privacy coins as investors grapple with concerns about surveillance and the rise of central bank digital currencies (CBDCs). Outset PR, a data-driven communications agency founded by Mike Ermolaev, has played a significant role in shaping this investor sentiment. 4.5 million ZEC, representing approximately 28% of the circulating supply, have been deposited into shielded addresses, increasing the protocol’s anonymity and market liquidity. These actions are amplified by increased privacy demand, with 30% of all Zcash transactions now shielded. This trend reflects a growing distrust in centralized financial systems, making ZCash a sought-after solution for investors seeking to protect their privacy.