The price of Zcash is once again in focus as Grayscale CEO Barry Silbert recently praised the cryptocurrency. The latest support from the expert comes at a time when privacy coins have gained notable interest among global traders.
On the other hand, this comes at a time when market experts have shared bullish expectations regarding the price of Zcash Crypto (ZEC). For context, in a recent X post, prominent Zcash proponent Arthur Hayes hinted at a possible rise in the price of ZEC to $400.
Zcash price under focus amid regulatory issues
Privacy coins have seen renewed traction as global regulators tighten their control over digital assets. For context, Brazil’s central bank recently revealed plans to ban stablecoins and cryptocurrencies for cross-border settlements.
According to the latest updates, the rule will be effective from October 1, indicating increased scrutiny of cryptocurrency transactions around the world.
Meanwhile, the CEO of Grayscale Barry Silbert Comment on the update that caught the attention of traders. He noted that restricting decentralized assets is inherently difficult, and that privacy-focused networks operate beyond easy oversight.
Even silver He said Zcash (ZEC) represents financial freedom in such an environment. His statements are consistent with how traders are now reconsidering privacy coins as tools for financial independence.
Arthur Hayes hints at ZEC price reaching $400
Amid the growing appeal of Zcash (ZEC) coins, BitMEX co-founder Arthur Hayes has fueled bullish sentiment. In X’s last post, Hayes recorded a walk for The price is like cash to about $392 USD and hinted at the possibility of it reaching $400 USD in the future.
In addition, Hayes also predicted a potential rise in interest rates ZEC price to 10 thousand dollars In the long term. On the other hand, the growing appeal of cryptocurrencies is further demonstrated by the leading cryptocurrency exchange, Robinhood, which has listed the token.
Meanwhile, Zcash price was hovering near the $388 mark at the time of writing, having hit a 24-hour high of $392. The cryptocurrency recorded weekly gains of 8%, while its monthly rise was recorded at 61%.
