Zcash Surges 18% as Bulls Target $500: Is It the Best Cryptocurrency to Buy During the Market Crash?
- Why Is Zcash Defying the Market Crash?
- How Does Zcash’s Privacy Technology Work?
- Is Best Wallet Token (BEST) the Hidden Gem of This Crash?
- Why These Two Coins Could Outlast the Storm
- FAQs
The crypto market is experiencing one of those weeks—where panic selling wipes out billions, Bitcoin briefly dips below $100,000, and investors scramble to reassess their portfolios. Yet, amid the sea of red, Zcash (ZEC) stands out with an 18% rally in the last 24 hours. Bulls are now eyeing $500, a level not seen since 2018. Could this privacy-focused coin, along with the emerging Best Wallet Token (BEST), be the smartest buys during this downturn? Let’s dive in.
Why Is Zcash Defying the Market Crash?
While most cryptocurrencies bleed, Zcash is thriving. Trading at $463, ZEC is up 18% in 24 hours and an astonishing 178% over the past month. Its spot trading volume has surpassed $1.5 billion—proof this isn’t just a fluke. So, what’s driving this surge?
Privacy coins are in vogue as traders seek refuge in Zcash’s zk-SNARK technology, which shields transactions from surveillance. High-profile endorsements from figures like Naval Ravikant (AngelList) and Arthur Hayes (BitMEX) have further fueled the rally. ZEC is now just 8% away from $500, a psychological milestone for long-term holders.
How Does Zcash’s Privacy Technology Work?
Launched in 2016 as a bitcoin fork, Zcash retains Bitcoin’s Proof-of-Work mechanism and 21 million supply cap but adds optional privacy. Unlike Bitcoin’s transparent ledger, Zcash uses zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge) to hide sender, receiver, and amount details without compromising security.
Think of it like proving your age to a bouncer without showing your ID—only the necessary info is verified. Users can toggle between transparent addresses (Bitcoin-style) and shielded ones for full anonymity.
Is Best Wallet Token (BEST) the Hidden Gem of This Crash?
While Zcash’s rally is impressive, savvy investors look beyond short-term pumps. Enter Best Wallet Token, the backbone of a non-custodial, KYC-free wallet with 500,000+ users. Its ongoing presale has raised $16.8 million—a rare feat during a bear market.
BEST powers an ecosystem offering reduced trading fees, staking rewards, and up to 8% cashback via the upcoming Best Card. Unlike speculative assets, its value ties directly to utility. With the presale closing in 23 days, analysts like Borch crypto predict a 100x post-launch surge.
Why These Two Coins Could Outlast the Storm
Both Zcash and BEST represent resilience: Zcash as a privacy safe haven, BEST as a self-custody solution. In a market where regulators are tightening grips, their use cases shine brighter. As one BTCC analyst noted, “When the tide goes out, you see who’s swimming naked—these projects are wearing armor.”
FAQs
What’s driving Zcash’s price surge?
Privacy demand, celebrity endorsements, and a spot volume spike to $1.5B are key factors.
How does Zcash’s privacy compare to Monero?
Zcash offers optional privacy via zk-SNARKs; Monero enforces anonymity by default.
Is Best Wallet Token available on BTCC?
Not yet, but the exchange has hinted at listing BEST post-launch.
