- Zashi Pockets will roll out totally personal shielded ZEC purchases subsequent week, powered by NEAR Intents, confirmed by ECC CEO Josh Swihart.
- Whereas the market crashed, Zcash surged 16.55%, with over $10.3M in brief liquidations fueling the rally.
- ZEC now holds a $9.34B market cap and is up 1,436% year-over-year, solidifying its lead as the highest privateness coin.
Zcash is leveling up once more. After years of individuals asking for simpler, totally personal methods to purchase shielded ZEC, the characteristic is lastly right here — or mainly right here. In response to Electrical Coin Firm CEO Josh Swihart, shielded ZEC purchases contained in the Zashi Pockets will begin delivery subsequent week, powered by NEAR’s Intents system. And the timing truthfully couldn’t be higher, as a result of ZEC is ripping greater whereas the remainder of the market melts
down.
Zashi to Allow Personal, Shielded ZEC Swaps
Swihart teased the replace on Nov. 14 with a screenshot displaying a simulated swap: 1 BTC → 170.30 ZEC, totally shielded, with the crossed-shield icon hinting on the personal circulation. This improve makes use of NEAR Intents, the cross-chain abstraction protocol that lets customers swap into Zcash from different chains with out exposing delicate particulars.
Zashi truly added one path of this circulation already — swapping out of shielded ZEC to chains like Solana, NEAR, Bitcoin, Ethereum (and others) on Oct. 1. However now the lacking piece is arriving: totally personal swapping into shielded ZEC, even should you begin from a clear tackle.
Not everyone seems to be thrilled with the technical tradeoffs but. Onchain investigator ZachXBT praised Zashi’s UX — even evaluating it favorably to Monero’s — however warned that refunds nonetheless route via clear ZEC addresses, which might leak some data. Each Swihart and NEAR co-founder Illia Polosukhin responded, confirming deeper shielded performance is coming.
ZEC Explodes as Market Crashes — Shorts Get Wiped Out
Whereas the broader market was drowning on Nov. 14 — over $1.34B liquidated, principally lengthy positions — Zcash by some means rallied. And never just a bit.
- $17.2M in ZEC was liquidated
- $10.3M of that got here from brief positions
- Practically each different main coin noticed lengthy liquidations as an alternative
So whereas BTC, ETH, SOL, and the remaining bled out, ZEC shot 16.55% greater, breaking into ranges no person anticipated this quick. 12 months-over-year, ZEC is now up a jaw-dropping 1,436%, putting it firmly on the high of the privateness sector and pushing it to rank #14 with a $9.34B market cap.
As of this writing, Zcash trades at $572.88, driving one of many strongest rallies in your entire market.
Why Zcash Is Ripping: Privateness + UX + Liquidity Layers
This complete transfer has been pushed by an ideal storm of upgrades:
- Zashi’s redesigned UX made shielded ZEC truly straightforward to make use of
- NEAR Intents acts as a “common liquidity layer,” letting anybody purchase or spend ZEC privately throughout chains
- Business leaders throughout ecosystems are instantly praising ZEC once more
- And now, totally shielded purchases are days away
The privateness coin narrative is heating up once more, and Zcash is clearly the one main it this cycle. With shielded swaps touchdown in Zashi subsequent week, the momentum may not decelerate anytime quickly.
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