- Zcash’s rise was fueled by institutional buying, increasing interest in privacy coins and anticipation of a ZEC ETF.
- The NU 6.1 upgrade, scheduled for November 23rd, may give a decisive boost to Zcash’s potential to reach the $1000 mark.
Zcash has been in the spotlight after witnessing an upward rally over the past month. ZEC rose 145.96% in the last month and is trading at 653,54 Dollar traded. This growth has convinced many experts that the asset can reach $1,000 by the end of the year.
The possible way
As CNF reported, the NASDAQ-listed biotech company rebranded itself as Cyberpunk Technologies Inc. on November 12 this year, with a primary focus on ZEC as its central token. The company immediately purchased more than 203,000 ZEC tokens, funded with $58.88 million from Winklevoss Capital.
Six days later, Cyberpunk announced another purchase, which contributed another 29,869.29 ZEC, worth approximately $18 million. This brings Cyberpunk’s ZEC holdings to a total of 233,644.56 ZEC, with the company aiming to own 5% of ZEC’s total market cap.
The CEO of Helius expects more companies to follow Cyberpunk’s move and build digital asset management. In particular expected mannbei Helius a higher mNAV and more buying pressure for a DAT private coin as it is not legal to hold in many regions.
wow, the winklevoss twins have started the first ZEC DAT!
id expect a higher mnav and buy pressure for a privacy coin DAT since not legal to hold in many regions
would expect an ETF as well
shielded/unshielded will act as a trojan horse for privacy at planetary scale pic.twitter.com/EA4XkMOQWF
— because | helius.dev (@0xMert_) November 12, 2025
Analysts are expecting the approval of a ZEC ETF and believe it is very likely given this year’s surge in institutional interest and the approval of other crypto ETFs.
Zcash price movement has also bucked the normal trend and demonstrated its independent stance. While many digital assets follow the price path of Bitcoin, ZEC chooses to go the opposite way.
Data from DefiLlama have shown this correlation. Interestingly ZEC price began to correlate with Bitcoin’s market reaction in late September to early October 2025, as our youngest Analysis shows. This is attributed to the fact that traders their funds von Bitcoin in Privacy-Coins wie Zcash redeploy.
Given this scenario, they show Data from LunarCrush that ZEC’s social media presence has skyrocketed over the last year, reaching 15,245%, equivalent to 346.72 thousand mentions.
With all the buzz around Zcash lately, let’s compare where social activity is relative to Bitcoin as a benchmark. Although total social mentions for Bitcoin are a lot higher (and the highest across all of crypto), the growth rate of Zcash is a whole lot higher.
Social Mentions… pic.twitter.com/13E7Efk0ep
— LunarCrush Social Analytics (@LunarCrush) November 19, 2025
Zcash NU6.1 upgrade is coming
Meanwhile, Zcash is preparing for what many are calling Zcash’s biggest overhaul. Zcash developers confirmed that the highly anticipated network upgrade 6.1 NU 6.1 is scheduled to be implemented on November 23rd. Wallet applications also need to be updated as part of the upgrade.
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