Zcash Soars Past $350 as Arthur Hayes’ Bullish Prediction Ignites Crypto Frenzy

Privacy coin Zcash explodes with 40% gains following Arthur Hayes' stunning endorsement.

The Market Responds

ZEC rockets past the $350 barrier in overnight trading as the former BitMEX CEO's analysis sends shockwaves through crypto markets. Trading volume triples within hours of his prediction going live.

Privacy Tokens Make a Comeback

Hayes' bullish stance on privacy-focused cryptocurrencies triggers a sector-wide rally. Monero and Dash post double-digit gains as institutional interest returns to anonymous digital assets.

Technical Breakout Confirmed

The surge pushes Zcash past its 200-day moving average, with technical indicators flashing strong buy signals. Resistance levels crumble as momentum builds toward previous all-time highs.

Regulatory Headwinds Remain

Despite the price surge, privacy coins face ongoing scrutiny from global regulators. Because nothing says 'financial innovation' like governments wanting to track every transaction you make.

Hayes continues to prove that in crypto, one influential voice can still move markets faster than any fundamental analysis.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The Santa Clara Sheriff’s Office, and the District Attorney’s Office, reportedly found “…houses in the area filled to the brim with pilfered items including power tools and various housewares.” The stolen goods were reportedly resold online, and were found not only in houses, but in storage units and even an entire warehouse, reports noted.

Worse, the stolen goods scheme also ran a separate scam which targeted the elderly. The scam coerced its victims into going to impacted retailers like Home Depot and purchasing gift cards, which were then transferred to the group and used to obtain more items for resale. Reports suggested that the group managed to pull in nearly $10,000 daily in merchandise, which was then added to the stockpiles found.

Home Improvement “Winter”

For anyone who has tried to carry out a home improvement project, most know that winter is not the best time in which to do it. Usually these projects are done ahead of winter, so their results can be enjoyed in a time when the people who do them are home most often, or ahead of holiday entertaining. But winter is also coming for home improvement, based on some new reports.

With a growth outlook running between 3% and 4%, and the second quarter results only managing to show modest growth, there is very little to encourage investors these days. Throw in the fact that the market has fundamentally shifted from big-box dominance to online dominance, and Home Depot’s odds of recovery do not look great going forward.

Is Home Depot a Good Long-Term Buy?

Turning to Wall Street, analysts have a Strong Buy consensus rating on HD stock based on 19 Buys and six Holds assigned in the past three months, as indicated by the graphic below. After a 4.02% loss in its share price over the past year, the average HD price target of $446.30 per share implies 15.51% upside potential.

Disclosure