Zcash's price surged by 20% overnight, reaching $1380 and marking a significant moment for the cryptocurrency's market position.
On September 17, Zcash (ZEC) saw its price rise sharply to $1380, recording a remarkable 20% increase in just one day.
This surge propelled Zcash into the ninth position among the largest cryptocurrencies, with a market cap surpassing $22 billion. Currently, it is trading at approximately $1360.
Other cryptocurrencies, including Bitcoin, also enjoyed modest gains overnight, despite the recent increase in key interest rates by the Federal Reserve.
The price increase for Zcash coincided with insights from Matt Huang, co-founder of Paradigm, who highlighted Zcash as a "privacy-preserving asset alongside digital gold." Huang, whose firm is an investor in ZEC, has been vocal about the need for sustainable funding within blockchain ecosystems.
A few thoughts on ZCash: This fund's allocation is crucial for the long-term viability of the ecosystem.
— Matt Huang (@matthuang) September 16, 2026
He underscored the importance of ongoing developer funding, advocating for a combination of holder voting and other decision-making processes for network changes. This is especially relevant following the recent approval of several important ZIPs, including a community vote on speeding up block times and maintaining halving events.
Additionally, Zcash activated the Ironwood upgrade on July 28, addressing a critical vulnerability found in its Orchard protocol, which introduced a new secure pool and limited previous operational methods.
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