Zcash (ZEC) has exploded in recent months on Binance and across crypto markets. After languishing below $30 in 2023–2024, ZEC surged by nearly 930 % year-over-year, climbing above $400 and briefly reaching as high as ≈ $744.
This rally was driven by several catalysts: a 2024 halving that cut new supply, growing institutional interest (e.g. investments by Cypherpunk Technologies), and rising demand for privacy-focused coins — reflected in increasing “shielded” ZEC holdings.
However, recent volatility shows that the surge may be cooling: ZEC has dropped over 30 % from its highs after profit-taking and broader market sell-offs. Still, many analysts view the correction as temporary, citing strong on-chain fundamentals and renewed long-term demand for privacy coins.
In short: ZEC’s performance on Binance has been a remarkable comeback — a sharp parabolic rally fueled by scarcity and fundamentals — but volatility remains high, so risk and reward are both elevated.$ZEC
