Zcash price eyes a 45% surge as futures open interest soars

Crypto.News2025/12/28 06:51

By:Crypto.News

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Zcash price jumped to the highest level since Nov. 27 as demand for privacy tokens rose and the futures open interest neared its all-time high.

Summary

Zcash price has rebounded to the highest point since November 27.
The futures open interest has jumped to near its all-time high.
Technical analysis suggests that the ZEC price has more upside.

Zcash (ZEC) token soared to a high of $513, up by over 70% from its lowest level this month. This surge has made it one of the best-performing tokens in the crypto market.

ZEC’s surge coincided with the rising demand for privacy tokens. For example, Dash (DASH) token has jumped by over 26% from its lowest point this month.

Monero (XMR), the popular privacy token, has soared to $452, up sharply from the November low of $320. Other similar tokens like Midnight, Horizen, and Decred have rallied.

The token has continued rising as futures open interest has continued soaring. It jumped to a high of $1.3 billion, its highest level since Nov. 17. It has continued rising from this month’s low of $700 million.

Rising open interest is a sign that demand among investors is rising. Similarly, the volume in spot exchanges has continued rising in the past few days. Volume jumped to over $4.18 billion on Sunday, its highest point since December 12.

More data shows that users have intensified their use in the past few months. For example, the number of transactions jumped to 46.6k in the last 24 hours. Also, the shielded supply has soared to over 4 million.

Zcash price technical analysis

Zcash price eyes a 45% surge as futures open interest soars image 0

ZEC price chart | Source: crypto.news

The daily timeframe chart shows that the ZEC price has rebounded in the past few days. It has jumped from a low of $302 earlier this month to the current $515.

The token has moved above the 50-day Exponential Moving Average, a sign that bulls are in control. It has moved above the key resistance level at $470, its highest point on Dec. 13.

The token is attempting to move above the upper side of the Supertrend indicator. Therefore, the most likely Zcash price will likely continue rising as bulls target the year-to-date high of $746. A move above that level will point to more gains, potentially to the psychological point at $800.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

1. Crypto outperformed traditional equity indexes following the rate hike, but elevated interest rates remain a key constraint on cross-asset allocation. From September 12 to 18, BTC, ETH, and SOL gained 4.83%, 3.84%, and 9.96%, respectively, while the S&P 500 edged down 0.08%. The U.S. Dollar Index rose 1.11%, and the 10-year U.S. Treasury yield closed at approximately 4.998%. Improving risk appetite is therefore coexisting with elevated discount rates, raising the bar for RWA allocation: investors need to compare not only returns on the underlying assets, but also on-chain liquidity and collateral efficiency. 2. Growth in tokenized equities is occurring even as the overall RWA market remains under pressure. As of September 18, Distributed Asset Value across RWAs stood at $38.503 billion, down 1.13% week over week, while tokenized equities reached $3.056 billion, up 6.03%. This week's data are better explained by capital reallocating across different RWA segments than by a broad-based expansion of the entire RWA market. 3. For exchanges, the opportunity lies in connecting spot holdings, collateral, and derivatives. Reality's distributed asset value stands at approximately $155 million, while eligible rTokens can already be used within Bitget's UTA margin framework. Across CoinGlass's verifiable sample of 177 TradFi instruments, open interest reached approximately $11.498 billion, up 2.06% week over week, even as weekly trading volume declined 7.60%. The medium-term opportunity remains intact, but deeper utilization will depend on liquidity, collateral use, and sustained trading activity. 4.Assets to watch: BTC, ETH, SOL, NEAR, ZEC, gold, tokenized U.S. equities, COST. 5.Key metrics to watch: rToken collateral utilization, the durability of TradFi open interest and trading volume, and next week's employment and consumer data.

Bitget•2026/09/21 06:38