Written by Yohan Yunstaff editorReviewed by Robert Lakinstaff editor

Written by Yohan Yunstaff editor

Reviewed by Robert Lakinstaff editor

Zcash hits highest price since 2016 as market cap tops $20B

MarketsPublishedSep 7, 2026

ZEC gained 45% over the past week, extending its rally since Grayscale converted its Zcash Trust into an ETF that began trading Aug. 25.

Zcash (ZEC) climbed to its highest price since 2016, extending a rally that has pushed the privacy-focused cryptocurrency’s market capitalization above $20 billion.

ZEC reached $1,249.28 before retreating to about $1,195 on Monday, as reported by CoinGecko data. The token gained about 45% over the past week and 138% over 30 days.

The rally leaves Zcash below its launch-era record. CoinGecko lists an all-time high of $3,191.93 on Oct. 28, 2016, when only a small supply of tokens was available.

Zcash allows users to choose between public and “shielded” transactions. The latter uses zero-knowledge proofs to verify payments without revealing the sender, recipient or transaction amount.

“For users that prioritize privacy, this could become a ‘must have’ feature,” Grayscale’s head of research, Zach Pandl, stated in an Aug. 31 analysis.

Pandl stated that AI could rise demand for financial privacy by making it easier to link public blockchain transactions to users’ identities.

Zcash has been on a tear since Grayscale converted its existing Zcash Trust into an exchange-traded fund. The product, trading under the ticker ZCSH, began trading on NYSE ARCA on Aug. 25, giving investors exposure to ZEC through brokerage accounts.

The ETF closed Friday at $83.77 a share, with $463.2 million in assets under management, as reported by the fund’s website. US markets are closed Monday for the Labor Day holiday.

Related: Grayscale says Zcash can challenge Bitcoin’s network effects as privacy demand grows

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

• Zcash
• Privacy
• Cryptocurrencies
• ETF
• Grayscale
• Markets
• Altcoins

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