BitMEX Founder Predicts Zcash Rally to $10K as ZEC Hits Seven-Year High

Zcash (ZEC) extended its rapid ascent this week, rising above $600 for the first time in nearly seven years and emerging as one of the market’s best-performing digital assets. The privacy-focused cryptocurrency surged by as much as 24% over the past 24 hours, surpassing a $10 billion market cap.

BitMEX Founder Predicts Surge to $10K 

The rally drew attention from prominent figures across the broader crypto community. Arthur Hayes, co-founder of BitMEX, described Zcash’s surge as “ludicrous,” hinting at a potential long-term price target of $10,000 per coin.

At the current price of $633, Zcash needs to rally 1,479.78% to reach the $10,000 target, representing a new all-time high for the privacy-focused token.

It's just ludicrous.$ZEC to $10k pic.twitter.com/EfyiPB2Azl

— Arthur Hayes (@CryptoHayes) November 7, 2025

Meanwhile, market analyst Ali Martinez flagged $750 as the next major resistance level, saying ZEC is “on fire” and urging traders to “respect the pump.” Investor Rashid bin Saeed went further, calling ZEC “unstoppable” and suggesting it could become the fastest token to reach a $100 billion market capitalization. 

For context, Zcash last traded above $630 in 2018. Its return to that range underscores the renewed appetite for alternative narratives in digital assets as liquidity shifts from large-cap names to older, niche projects that are gaining technical momentum.

Institutional Liquidity and Technical Upgrades Fuel Rebound

Daily trading volume in ZEC surged to $2.46 billion, up 45% from the previous day, according to CoinGecko. The token’s volume-to-market cap ratio stands at nearly 24%, a level typically associated with heightened institutional activity.

Open interest in ZEC futures on Binance has climbed to roughly $340 million, according to data from CoinGlass, followed by $332 million on Hyperliquid and $157 million on Bybit.

Despite the spike in activity, leverage remains moderate, with long-short ratios hovering around parity (1.05–1.13). Spot market turnover, estimated at $801 million over the past 24 hours, suggests that direct purchases, rather than speculative derivatives, are driving much of the current move.

Zcash’s fully diluted valuation now exceeds $13 billion, reflecting investor confidence in its long-term supply dynamics and technical roadmap. The Electric Coin Company (ECC), the project’s core developer, has rolled out upgrades under “Project Tachyon” aimed at improving transaction efficiency and privacy. The firm also reported an increase in user activity following the adoption of the Zashi wallet, a streamlined interface designed to simplify shielded transactions.