Tag: Zcash (ZEC) Price

Zcash developers exit ECC to launch a wallet and company.

Developers behind privacy-focused cryptocurrency Zcash have announced plans to launch a new wallet and form a new Zcash-focused company.

The latest development comes just a day after the team resigned en masse from the Electric Coin Company (ECC) following a governance dispute.

New Wallet Push

Former ECC CEO Josh Swihart announced that the team responsible for launching Zcash and developing the Zashi wallet will now create a new Zcash wallet, code-named cashZ, by utilizing the same Zashi codebase. He explained that the group is not launching a new token and remains fully focused on Zcash development. According to Swihart, the decision to leave ECC and form a new company was driven by the need for a governance structure that better aligns with the ZEC ecosystem’s goals.

His tweet read,

“We are all in on Zcash. We need to scale Zcash to billions of users. Startups can scale, but nonprofits can’t. That’s why we created a new Zcash startup.”

Swihart outlined three core reasons for the transition. First, he said Zcash is rooted in cypherpunk principles and requires leadership that is willing to actively defend privacy as a norm in the digital economy. Second, he argued that combining non-profit foundations with fast-moving tech startups has historically led to misalignment, while adding that a conventional startup structure allows teams and leadership to remain more accountable and aligned. Third, Swihart said Zcash must be able to scale significantly to fulfill its mission and move beyond niche adoption toward billions of potential users.

CryptoPotato had earlier reported that several Zcash developers were “constructively discharged” following internal governance disputes.

Falling Dev Metrics

The announcement comes at a time when ZEC market performance and development metrics appear to be diverging. According to blockchain analytics firm Santiment, the token saw a sharp resurgence in late 2025. Its market capitalization increased roughly 15-fold between late September and mid-November. Since then, however, ZEC’s price has retraced by around 40% over the past two months.

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Amidst price struggles, Zcash’s development activity has declined to its lowest level since November 2021. Historically, the firm said, steady or rising development activity has tended to accompany stronger long-term performance among major altcoins, while falling activity can indicate reduced innovation momentum.

“Now we enter mini bull phase → next target: $800,” one analyst speculated.

The rally of the popular privacy-focused cryptocurrency Zcash (ZEC) continues at full speed. It has skyrocketed by triple digits in a month or so, and the question now is whether this rally is just getting started.

How Much More?

ZEC started its upward move towards the end of September, when the price was hovering around $50. In the following weeks, its valuation was gradually climbing, and just a few hours ago, it reached a seven-year high of $370. Shortly after, ZEC registered a slight decline to the current $350 (per CoinGecko’s data), representing a staggering 520% increase on a monthly scale.

The token’s market capitalization, which stood below $1 billion last month, is now inching towards $6 billion. This makes ZEC the 35th-largest cryptocurrency, surpassing well-known altcoins such as Toncoin (TON), Cronos (CRO), Polkadot (DOT), Uniswap (UNI), and many others.

Despite the substantial increase, the coin’s price is still far below its all-time high of almost $1,900 witnessed in 2016. However, multiple analysts and traders believe the bull run might be just starting and envision a new record soon. X user JonnyJpegs predicted that ZEC could skyrocket to $2,356, seeing the next major resistance at $790.

“This is the roadmap to Zcash becoming a top 10 coin. The market is telling you that privacy matters,” they added.

BitBull argued that ZEC could now enter “a mini bull phase,” with the next target set at $800. They believe that if the price breaks the local resistance at $370 “with conviction,” this could spark a “mega bull” to $4,000.

Arthur Hayes – the co-founder of BitMEX and one of the most influential people in the crypto industry – also chipped in. Several hours ago, he made a “vibe check” on ZEC, highlighting its price explosion as of late and envisioning its potential to soar to $10,000.

It is important to note that such a pump would require the market capitalization to rise above $160 billion, which seems rather far-fetched (at least as of now).

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The Possible Correction

Contrary to the optimism from the aforementioned figures, ZEC’s Relative Strength Index (RSI) suggests that the valuation may head south soon. The technical analysis tool is essential for traders, as it measures the magnitude and speed of recent price changes to give them an idea of potential reversal points.

It ranges from 0 to 100, and readings above 70 indicate the asset is in an overbought zone and may be poised for a short-term pullback. On the other hand, ratios below 30 are seen as buying opportunities. Currently, the RSI is set at almost 76.