- Zcash surged to $600 following OKX relisting announcement.
- Token shows strong trading volume and bullish momentum.
- Analysts predict ZEC could reach $750 with continued market growth.
Zcash — ZEC, made a strong comeback recently, gaining attention after OKX announced its relisting. The leading privacy token surged past $600, attracting traders and investors alike. OKX’s decision to bring back ZEC sparked renewed optimism in the market. After months of uncertainty, Zcash’s price movement shows growing momentum. With increased trading activity and bullish sentiment, many are watching closely to see how far ZEC can climb.
OKX Relisting Sparks Market Excitement
OKX, one of the largest cryptocurrency exchanges, announced Zcash listing on November 23. The exchange has already enabled ZEC deposits, and spot trading against USDT started at 12:00 UTC on November 24. Withdrawals opened just two hours after trading began. OKX had delisted ZEC and other privacy coins in January 2024 due to low activity and user feedback. However, the relisting signals renewed interest in privacy-focused assets and draws traders back to the platform.
The announcement immediately boosted ZEC’s price. Zcash briefly reached $601, showing sharp bullish momentum. Even after a minor correction to $564, the token’s recent performance highlights strong investor demand. Since September, Zcash has surged over 1,100 percent, gaining attention as one of the fastest-growing crypto assets. Daily trading volume nears $2 billion, reflecting active market participation.
This renewed interest extends beyond Zcash, drawing attention to the entire privacy coin sector, currently valued at $59.6 billion according to CoinMarketCap. ZEC’s growth also reflects wider investor confidence in privacy coins. These assets continue attracting traders seeking alternatives to mainstream cryptocurrencies. OKX’s relisting provides a convenient trading venue, making Zcash more accessible and fueling further momentum.
Price Targets and Future Outlook
Analysts remain bullish on Zcash’s potential. Ali Martinez predicts ZEC could soon reach $750, supported by ongoing market trends and increased adoption. Earlier this month, the asset briefly touched $736, marking its highest price since November 2016. These indicators suggest strong upside potential if market momentum continues. Beyond price speculation, Zcash’s market cap of $9.24 billion underscores its role as a major privacy token.
Active trading, robust liquidity, and exchange support all contribute to sustained investor interest. The recent surge also highlights the impact of exchange listings on token performance, especially for assets with niche utility like ZEC. Investors watching ZEC should consider both technical trends and market catalysts.
Exchange relistings often trigger short-term rallies, while long-term growth depends on adoption, network development, and broader crypto market trends. Privacy coins like Zcash could see heightened activity as traders explore alternatives to mainstream cryptocurrencies. Zcash’s return to OKX shows how exchange decisions can shape market sentiment.
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