Boom

Zcash

Security

Bold

<ul class="wp-block-list"><li>Zcash’s Puell Multiple reaches an all-time high, reflecting unprecedented miner revenue margins.</li><li>Network hashrate surges past previous records, showcasing miner confidence and network security.</li><li>Price nears $1,000 with bullish upside potential to $1,650 amid profit-taking risks from long-term holders.</li></ul>The <a href="https://coinmarketcap.com/currencies/zcash/" rel="noopener noreferrer nofollow">Zcash </a>(ZEC) market is buzzing with excitement as the cryptocurrency’s Puell Multiple, a key indicator of miner profitability, has soared to an all-time high. According to recent analysis by Joao Wedson, the surge reflects a euphoric period for ZEC miners, driven by a dramatic rise in the <a href="https://coincryptonewz.com/breaking-news/altcoin-news/" rel="noopener noreferrer nofollow">network’s </a>hash rate and an approaching $1,000 price level.The Puell Multiple, which compares the daily issuance value of ZEC to its 365-day moving average, has spiked, signaling that miners are enjoying unprecedented revenue margins. This comes as ZEC’s price hovers near $690, following an impressive 85% rally over the past week.<h2 class="wp-block-heading" id="strong-hashrate-records-signal-robust-network-security-strong">Hashrate Records Signal Robust Network Security</h2>Data from Alphractal highlights the correlation between the Puell Multiple and ZEC’s price trajectory. The chart shows the yellow Puell Multiple line climbing alongside the black price line, with both reaching new peaks in 2025.<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet">The euphoria in ZCash (ZEC) has arrived — and the ones celebrating the most right now are the ZEC miners. The Puell Multiple, which measures miner profitability on an annualized basis, just hit an all-time high. Hash rate is climbing fast. And that $1,000 level I mentioned… <a href="https://t.co/DZvJkjcDuK" rel="noopener noreferrer nofollow">https://t.co/DZvJkjcDuK</a><a href="https://t.co/XiivpCO2t2" rel="noopener noreferrer nofollow">pic.twitter.com/XiivpCO2t2</a>— Joao Wedson (@joao_wedson) <a href="https://twitter.com/joao_wedson/status/1986828387910873102?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 7, 2025</a></blockquote></div></figure>The increased hash rate, a measure of the computational power securing the network, underscores miners’ confidence and investment in ZEC’s future. This resilience is a testament to the strength of proof-of-work cryptocurrencies, where mining profitability often drives market momentum.<h2 class="wp-block-heading" id="strong-investor-insights-and-risk-management-considerations-strong">Investor Insights and Risk Management Considerations</h2>However, the current euphoria carries risks. Wedson cautions investors to take profits along the way, as the elevated Puell Multiple suggests potential overvaluation. With ZEC trading above historical on-chain price models and breaking into new territory, the upside could reach $1,650 if the bullish trend continues.Yet, the aggressive selling by long-term holders, as seen in the CDD Multiple, indicates some profit-taking, which could temper the rally. For now, miners are the big winners, keeping the network robust while investors watch closely for the next move.<pre class="wp-block-preformatted">Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.</pre>&lt;p&gt;The post <a href="https://coincryptonewz.com/zcashs-puell-multiple-soars-3-bold-signals-of-miner/" rel="noopener noreferrer nofollow">Zcash’s Puell Multiple Soars: 3 Bold Signals of Miner Profit Boom and Price Surge</a> first appeared on <a href="https://coincryptonewz.com" rel="noopener noreferrer nofollow">Coin Crypto Newz</a>.&lt;/p&gt;

Zcash’s Puell Multiple Soars: 3 Bold Signals of Miner Profit Boom and Price Surge

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