Zcash jumps to $600 as demand for privacy coins returns

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Olga Shendetskaya

06.05.2026

Zcash jumps to $600 as demand for privacy coins returns — Zcash surges 40% in 24 hours, crossing $600

Zcash posted one of the strongest single-day gains among major cryptocurrencies, rising 39.6% over the past 24 hours. As of Wednesday, the privacy-focused coin was trading at $596.19.

Highlights

Zcash gained 39.6% in 24 hours, trading at $596.19.
The coin rose 40.8% against Bitcoin in the same period.
Shielded transaction ratio hit a record 30%.
Price well above both 50-day and 200-day EMAs.

Technical strength

Zcash has shown strong technical momentum. The price has decisively broken and held above its key long-term moving averages — trading well above the 50-day exponential moving average (EMA) at $335.61 and the 200-day EMA at $296.30. This positioning confirms a robust bullish trend on both medium- and long-term timeframes.

The Relative Strength Index (RSI) has climbed into overbought territory near 83, indicating strong buying pressure, though it also suggests the asset may be due for a short-term pullback or consolidation. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator remains firmly in positive territory with a widening histogram, reinforcing the upward momentum and suggesting that buyers are still in control.

Zcash price dynamics (April-May 2026). Source: TradingView

Main drivers behind the rally

Robinhood listing: The addition of Zcash to the popular U.S. retail platform Robinhood at the end of April significantly expanded access for American investors, including those in New York.

Record privacy usage: The share of shielded (fully private) transactions on the Zcash network reached an all-time high of 30%, indicating genuine demand for privacy features.

Institutional accumulation: Multicoin Capital has been actively buying ZEC since February, providing a strong vote of confidence from a prominent venture fund.

Technical momentum: The breakout above long-term moving averages triggered additional buying from momentum traders.

Broader market recovery: Zcash benefited from a general rebound in the cryptocurrency market and short-covering activity.

Core privacy proposition: As one of the few cryptocurrencies built from the ground up with strong privacy features using zk-SNARKs technology, Zcash continues to attract attention whenever demand for confidential transactions increases.

Renewed interest in privacy coins

The sharp rally in Zcash highlights periodic resurgences in demand for cryptocurrencies that prioritize financial privacy.

After years of regulatory pressure on privacy assets, improved accessibility through major platforms and renewed institutional interest are helping bring attention back to the sector. Whether this momentum can be sustained will depend on broader market conditions and continued growth in actual shielded transaction usage.

As previously covered, Bitcoin holds above $81,000 as Strategy considers selling BTC.

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