**Zcash Surges Over 20% in 24 Hours—Can ZEC Hit $750 Soon?**
Zcash (ZEC) has captured the spotlight by recording a significant surge of more than 20% in price within the last 24 hours. Popular crypto analyst Ali Martinez is optimistic about the coin’s trajectory, predicting that ZEC’s next stop could be $750. This bullish stance comes as the digital asset continues to rally following the events of November 7th.
However, not everyone is convinced. Ansem, a prominent voice on X (formerly Twitter), argues that Monero (XMR) should be enjoying this pump instead of Zcash, highlighting fierce debate within the privacy coin community.
**Staggering 360% Growth in 30 Days**
According to CoinMarketCap data, ZEC is currently trading at $622.41, reflecting a 20.31% increase in the last 24 hours alone. Over the past month, ZEC’s price has surged by an astonishing 360%, leaving many traders in disbelief. On November 3rd, ZEC was trading around $390 after consolidating from a previous high. In just four days, it has climbed more than 80%.
The surge in price has been accompanied by a robust 24-hour trading volume of $2.08 billion, marking nearly a 10% rally. Zcash’s market cap now stands at $10.5 billion, and its 24-hour price volatility is at 24.1%.
**ZEC Climbs the Ranks, Surpassing Major Altcoins**
Zcash’s rally has propelled it from rank 84 to 13 in terms of market capitalization, leapfrogging major cryptocurrencies like Monero (XMR), which is currently priced at $363.20 and Shiba Inu (SHIB), currently trading at $0.000009. XMR’s market cap is $6.71 billion with 1.1% daily volatility, while SHIB has a $5.48 billion market cap and 3.5% volatility.
The momentum has had a positive impact on the Zcash network, pushing its hashrate to an all-time high (ATH) and making ZEC mining one of the most profitable crypto-mining opportunities at the moment. In contrast, Bitcoin (BTC) remains range-bound, trading at $101,119, with 1.6% daily volatility and a $2.02 trillion market cap.
**Community Reactions: Zcash vs. Monero Debate**
Despite Zcash’s rally, not all investors and analysts are on board. Ansem, a popular crypto commentator on X, stated that he believes Monero deserves the attention Zcash is receiving. “This should be Monero’s pump, not ZEC’s,” he remarked, expressing his skepticism towards Zcash’s current rise.
**Emerging Contenders: The SUBBD Project**
As the privacy coin sector heats up with rivalry between Zcash and Monero, new projects like SUBBD are starting to gain attention. The SUBBD project is already being touted as one of the top crypto presales for 2025. It aims to offer multiple benefits to its holders, such as access to unique tools, rewards, and decision-making power in the protocol’s evolution.
Early participants in the SUBBD presale could be eligible for staking rewards of up to 20%. Interested investors can join the presale using credit/debit cards or various cryptocurrencies.
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https://bitcoinethereumnews.com/tech/zcash-faces-mixed-sentiment-as-analyst-targets-750/