\n\t\t\t\t\t\t\t\t\t“ZEC to $10K or $10,” Hayes asked.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The popular privacy coin Zcash (ZEC) has become a sensation in the past few months, with its price skyrocketing by triple digits.<\/p>\n
Over the past 24 hours, though, it experienced a sharp correction, leaving investors wondering whether the impressive bull run has come to an end.<\/p>\n
Dumping or Reloading?<\/h2>\n
Earlier this month, ZEC exploded well above $700, reaching its highest point since the beginning of 2018. However, as of press time, it is worth around $485, representing a 26% decline on a daily scale.<\/p>\n Following that retreat, crypto X is buzzing with traders and analysts speculating about ZEC\u2019s next move. One of those is Arthur Hayes, the co-founder and former CEO of BitMEX, who said<\/a> the big question now is whether to sell or not.<\/p>\n Hayes is among the individuals who have outlined some of the most optimistic price predictions for ZEC during the upward momentum of the past weeks. Last week, he envisioned<\/a> the rise to $1,000, whereas previously, he had set<\/a> the somewhat absurd target of $10,000.<\/p>\n Meanwhile, Maelstrom (an investment fund run by Hayes) is heavily invested in ZEC. Just a few days ago, the American revealed<\/a> that the cryptocurrency has become the entity\u2019s second-largest liquid holding, trailing only behind Bitcoin (BTC).<\/p>\n The X user Degen Sing also weighed in on the matter. According to the analyst, ZEC is not dumping but reloading, arguing<\/a> that this is a \u201ctextbook mid-trend pullback before continuation.\u201d<\/p>\n \u201cNext major resistance is sitting around $750 \u2013 and we already touched it once. All it takes is <\/span>BTC<\/span> flipping back to $110, and <\/span>ZEC<\/span> will rip straight through that resistance like butter,\u201d they added.<\/span><\/p>\n<\/blockquote>\n X user Hardy presented<\/a> a rather pessimistic forecast, claiming that if the asset can\u2019t hold the line at $487, it might plummet to $344 or even $235. As mentioned above, the price has already dipped below that level.<\/p>\n It is worth noting that ZEC\u2019s recent decline aligns with the broader downtrend affecting the entire privacy coin sector. Monero (XMR) is down 9% for the day and trades at around $380, whereas Dash (DASH) has collapsed by 16%.<\/p>\n The market capitalization of the whole niche has slipped to approximately $27.6 billion, representing a whopping 34% decrease on a 24-hour scale.<\/p>\n![\"ZEC](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/11\/ZEC-Price-2.png\")
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Privacy Coins Head South<\/h2>\n
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