ZEC (Zcash) 24-hour pump 10.39%

Gate News Bot news, on October 22, according to CoinMarketCap data, as of the time of writing, ZEC (Zcash) is currently priced at $275.28, having risen 10.39% in the last 24 hours, with a peak of $308.47 and a low of $188.17. The 24-hour volume reached $885 million. The current market capitalization is approximately $4.48 billion, an increase of $422 million compared to yesterday, ranking 28th in global Crypto Assets market capitalization.

Zcash is a privacy-preserving digital currency and the first cryptocurrency to develop zero-knowledge encryption technology for private peer-to-peer payments. Zcash uses end-to-end encryption to protect users' privacy rights. It is a decentralized protocol, meaning your funds are completely controlled by you, not by banks. Zcash is faster than Bitcoin, with transaction fees typically being just a few cents.

Important news about ZEC recently:

1️⃣ The halving event is coming soon Zcash will undergo a halving event in November 2025. With the halving, the issuance of Zcash is expected to decrease significantly, reducing the implied inflation rate from double digits in the early 2020s to single digits in the late 2020s. This event could have a significant impact on the supply of ZEC, which in turn may affect its market price.

2️⃣ Market sentiment warms up to drive the rebound ZEC experienced a decline of 8.13% on October 17, leading to a significant shift in market sentiment. Investors' attention towards privacy coins has increased again, driving the price of ZEC to show a significant rebound in the short term. This volatility reflects the high sensitivity and rapid change characteristics of the Crypto Assets market.

3️⃣ High Leverage Trading Active A crypto whale recently opened a $4 million long position in ZEC with 5x leverage. This large transaction activity not only attracted more market attention to ZEC but may also stimulate its price volatility, becoming one of the important factors driving significant fluctuations in ZEC's price.

From a technical perspective, the ZEC price has rebounded after a previous correction, but it may still face short-term adjustment pressure. On the fundamental side, the Zcash team continues to improve its privacy technology, but the uncertainty of the regulatory environment remains a key risk factor, and investors should closely monitor related policy developments.

This message is not intended as investment advice; investors should be aware of market volatility risks.