Zcash is on the move again. The privacy-focused cryptocurrency spiked 13% to $460, standing out in a crypto market that has mostly been trading sideways. The jump came with a sharp rise in both market capitalization and 24-hour trading volume, signaling renewed interest from traders and long-term holders.
The momentum began building after developers, alongside Shielded Labs, introduced a proposal to overhaul Zcash’s transaction fee model. Instead of the long-standing fixed-fee structure, the team wants to shift toward a dynamic fee market—similar to what many major blockchains use today. The goal is to cut unnecessary costs and keep the network running smoothly during periods of heavy congestion. According to the development team, a flexible fee system would better reflect real-time network conditions and improve the user experience.
While the fee update drew attention, on-chain activity added even more fuel to the rally. Cypherpunk Technologies increased its ZEC treasury holdings and brought Zcash founder Zooko Wilcox on board as an advisor, reinforcing the company’s long-term conviction in the project. Larger holders were active as well: blockchain data shows one whale wallet accumulating additional ZEC before moving tokens onto Hyperliquid to open long positions. These kinds of strategic inflows often reduce the amount of ZEC available on the open market, creating a tighter supply environment.
Traders are now watching a key technical barrier highlighted by analyst Crypto Pulse. Zcash is hovering just under a multi-touch resistance zone that has repeatedly halted previous breakouts. A clean move above it could open the door to a push toward earlier cycle highs. If the resistance holds, however, analysts warn the price may retrace to nearby support levels before attempting another breakout.
The ZEC rally stands in clear contrast to the broader crypto landscape, where most major assets remain range-bound with little directional momentum. For now, Zcash appears to be carving out its own path, boosted by network upgrades, fresh accumulation, and bullish positioning from influential market participants.
With a new fee model on the horizon and growing interest from both retail traders and institutional players, Zcash’s latest breakout may be a sign of bigger moves to come—if it can finally conquer that overhead resistance.
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