In a twist that left even the most jaded market spectators clutching their pearls, Zcash (ZEC) ascended to $388 on October 31-a peak not seen since the days when blockchain was still considered a niche hobby for cat fanciers.
October: A Month of Whims and Whispers
On the final day of October, Zcash staged a rally so dramatic it could’ve been plucked from a penny dreadful. A 10% leap to $388 crowned its seven-year zenith, swelling its market cap past $6 billion-a fleeting jab at Monero’s crown, as noted by the ever-so-reliable Coingecko.
The coin’s meteoric rise from $1.54 billion to $6.25 billion in October (Oct. 31, 11:13 a.m. EST) was fueled not merely by Grayscale’s Zcash Trust-a phrase that drips with irony-or “technical upgrades” (though one hesitates to use the term “technical” in such company), but by the dulcet tweets of Arthur Hayes and Ansem, the latter being a man with 800,000 followers who clearly has a flair for drama.
When ZEC flirted with $380, Ansem declared it the new $380 Bitcoin, a comparison as precise as calling a toaster a spaceship. Hayes, ever the optimist, predicted a $10,000 moonshot, sparking online debates that ranged from “genius” to “nonsense” with stops at “Ponzi” and “voodoo economics.”
One critic scoffed, “The ZEC rally is just noise from Hayes and Ansem. They’re shilling harder than a 1950s vacuum salesman.” Others warned retail investors to flee before the inevitable collapse, with one wag advising, “Don’t hold this turd. Market makers are prepping the kiss of death. Financial advice: exit stage left, preferably screaming.”
Queries from the Bewildered Masses 💡
- Why did Zcash surge? Because two digital charlatans whispered sweet nothings into the void.
- How much did the market cap grow? It tripled faster than a rabbit on Red Bull-$1.54B to $6.25B.
- Which coin did ZEC overtake? Monero, though privacy purists are reportedly filing for emotional distress.
- What’s the catch? Critics say it’s a pump-and-dump opera starring crypto’s answer to P.T. Barnum.
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2025-10-31 23:58