Zcash rallies past $400, doubling from its low and nearing Monero's market cap amid growing privacy demand.

Zcash (ZEC) surged above $400 on May 3, reaching $424 for the first time since January 2026, marking a 100% rebound from its year-to-date low below $200. This rally pushed ZEC's market cap close to $7 billion, narrowing the gap with rival privacy coin Monero (XMR). Influential figures like Barry Silbert and Raoul Pal have highlighted Zcash's potential to capture a significant share of Bitcoin's capital as demand for privacy-focused cryptocurrencies grows. The surge also triggered over $10.5 million in short position liquidations, signaling strong market momentum for ZEC amid renewed interest in privacy coins.