Monero

Zcash

Grayscale

Polymarket

<h3 id="h-key-insights" class="wp-block-heading"><strong>Key Insights:</strong></h3><ul class="wp-block-list"><li>Zcash crypto price attains a new ATH at $1,029 after previously consolidating for almost 2 weeks near the previous top.</li><li>ZEC open interest pushes to a new ATH at $2.15 billion.</li><li>Grayscale’s ZEC ETF appears to be the common denominator behind the renewed interest.</li></ul><p class="wp-block-paragraph">Zcash price action is making news headlines after pulling off yet another major price milestone. It is one of the few cryptocurrencies exploring new ATHs, and this time it entered 4-digit price territory.</p><p class="wp-block-paragraph">Zcash price just <a href="https://www.thecoinrepublic.com/2026/08/23/zcash-crypto-clocks-new-all-time-high-as-etf-hype-triggers-excitement/" rel="noopener noreferrer nofollow">kicked off the week</a> in celebratory mode after pushing above $1,000 for the first time in history. The privacy coin peaked at $1,029 on Friday, riding renewed bullish momentum in the last 2 days.</p><p class="wp-block-paragraph">ZEC crypto previously demonstrated consolidation after rallying in the second half of August. The privacy coin exchanged hands at $971 at press time after a slight pullback.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="975" height="581" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/09/870bb312f167dca0b80d11f51533cc1fc3f858d37421e7c369cdc5857e0fb78f-1.png" alt="Zcash Price Action | Source: TradingView" class="wp-image-2561950"><figcaption class="wp-element-caption"> Zcash Price Action | Source: TradingView </figcaption></figure></div><p class="wp-block-paragraph">ZEC crypto was already deep in overbought territory at press time. This would explain the slight pullback from its new ATH.</p><h2 id="h-zcash-price-zec-short-squeeze-at-play" class="wp-block-heading"><strong>Zcash Price: ZEC Short Squeeze At Play</strong></h2><p class="wp-block-paragraph">There were multiple drivers behind the historic push of Zcash’s price into 4-digit price tags. One of them could be a short squeeze event. The consolidation observed in late August attracted many short positions.</p><p class="wp-block-paragraph">This was evident in the surge in short liquidations observed since the second half of August. A bear trap led to a spike in liquidations in the last 2 days. ZEC crypto had over $32 million in liquidations in the last 24 hours.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="975" height="264" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/09/203e2917682216b76521f5b0ef99f65f50d94527f20ba44f7126c047603a98ed-1.png" alt="ZEC Liquidations | Source: CryptoQuant" class="wp-image-2561932"><figcaption class="wp-element-caption"> ZEC Liquidations | Source: CryptoQuant </figcaption></figure></div><p class="wp-block-paragraph">The liquidations suggest that a short squeeze may have aided the privacy coin’s extended rally past $1,000. This was backed by a spike in positive spot net flows of about $23 million observed on 23 September, <a href="https://www.coinglass.com/currencies/ZEC/spot" rel="noopener noreferrer nofollow">CoinGlass data showed</a>.</p><p class="wp-block-paragraph">Liquidations are often considered a double-edged sword. Zcash (ZEC) price may also be susceptible to a long liquidation event, which could potentially flip into a sharp sell-off.</p><p class="wp-block-paragraph">The privacy coin’s open interest also surged to new historic levels. It peaked at $2.15 billion on Friday morning, indicating strong demand in the derivatives market.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="975" height="215" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/09/35fb95df46078503b6ca018ccaa79ba5ab917e6dec8dd96b2d6bfe93a3efe23d-1.png" alt="Zcash Crypto Open Interest | Source: CryptoQuant" class="wp-image-2561923"><figcaption class="wp-element-caption"> Zcash Crypto Open Interest | Source: CryptoQuant </figcaption></figure></div><p class="wp-block-paragraph">Aside from the elevated open interest risking a liquidity sweep to the downside, the privacy coin also demonstrated a bearish divergence. Its RSI topped out lower despite the higher high on the price side.</p><h2 id="h-grayscale-s-zcash-etf-pushes-into-a-362-million-aum" class="wp-block-heading"><strong>Grayscale’s ZCash ETF Pushes Into a $362 Million AUM</strong></h2><p class="wp-block-paragraph">The Zcash price pushed into a new ATH just 10 days after Grayscale launched the privacy coin’s first official ETF in the US. The ETF was listed on the NYSE on August 25.</p><p class="wp-block-paragraph">The listing validated Zcash crypto as a mainstream cryptocurrency and cemented its position as a top 10 crypto by market cap. Grayscale’s ZEC AUM has so far pushed above $362 million.</p><p class="wp-block-paragraph">Beyond the Grayscale Zcash ETF launch, ZEC price action has been benefiting from privacy coin hype. Other coins such as <a href="https://www.thecoinrepublic.com/2026/08/30/monero-price-pushes-above-500-as-privacy-driven-focus-intensifies/" rel="noopener noreferrer nofollow">Monero</a> have also been experiencing robust demand tied to the ongoing appeal for privacy coins.</p><p class="wp-block-paragraph">ZEC price could be headed for more upside, and possibly more price discovery. Especially now that the gates of institutional liquidity have opened up.</p><p class="wp-block-paragraph"><a href="https://polymarket.com/event/what-price-will-zcash-hit-before-2027" rel="noopener noreferrer nofollow">Polymarket</a> currently predicts a 76% chance that Zcash price could rally to $1,100 and a 50% chance of it reaching $1,300 before 2027. Polymarket has also priced in a 22% chance that ZEC price could surge as high as $1,500.</p><p class="wp-block-paragraph">Zcash crypto currently holds the top privacy coin spot, outpacing Monero on a technicality. &nbsp;Analysts are eager to see whether the privacy coin segment will continue to outperform or lend itself to profit-taking-induced liquidity rotation in Q4.</p><p>The post <a href="https://www.thecoinrepublic.com/2026/09/04/heres-why-zcash-price-soars-past-1000-whats-next-for-zec/" rel="noopener noreferrer nofollow">Here’s Why Zcash Price Soars Past $1,000, What’s Next for ZEC?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Here’s Why Zcash Price Soars Past $1,000, What’s Next for ZEC?

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