Zcash has reached a new all-time high, rising above $550. The asset has gained nearly 240% in a month, strengthening the privacy cryptocurrency sector.

Along with Zcash's rise, Monero (+12%) and Dash (+260%) also rose in price. Experts attribute interest in these coins to the overall privacy trend and the potential accumulation of ZEC by major players.

Meanwhile, Arthur Hayes believe#s the rally isn't over yet—his target is $1,000.

$ZEC

ZEC
ZEC
417.85
+12.11%

$XMR

XMR
XMRUSDT
375.43
-0.13%

$DASH