Zcash Surges 472% Since Naval's October Endorsement, Trading at $420
Zcash (ZEC) traded at $420 on November 1, posting a 17.3% gain in 24 hours and 52% over seven days, HTX market data show. The rally began after Silicon Valley investor Naval described ZCash as "insurance against Bitcoin" on October 1, with the token climbing 472% since that endorsement. BitMEX co-founder Arthur Hayes promoted ZEC on October 30, stating "nothing can stop this train, ZEC will reach $10,000," and reiterated bullish sentiment above $400 the following day. The privacy token sector reached a market capitalization of $22.7 billion, up 7.3% in 24 hours, with trading volume at approximately $2.4 billion. Other privacy tokens showed notable performance: Dash at $55.43 (market cap $692 million, up 22.2%), Monero (XMR) at $331.6 (market cap $6.12 billion, up 3.6%), and Litecoin (LTC) at $95.49 (market cap $7.29 billion, up 2.2%).