Zcash surges 21% to reclaim $500 after sharp pullback from $735 high
Zcash staged a sharp rebound on Nov. 13, climbing roughly 21% and pushing the price back over $500 after a steep correction that erased more than 40% from the $735 seven‑year high reached earlier last weekend. According to market data, the spike followed a “major new catalyst” cited by traders, but public reporting on the exact trigger has been uneven, suggesting a mix of newsflow, short‑covering and renewed speculative interest.
The move underscores how quickly sentiment can swing in mid‑cap crypto assets and why traders are watching on‑chain activity, exchange flow and development updates for confirmation. While a decisive follow‑through would signal regained investor confidence in privacy coins like Zcash, analysts caution that volatility remains high and sustained gains will depend on clearer fundamentals or continued demand from spot and derivatives markets.