Zcash (ZEC) experienced a sharp correction exceeding 35% in November, pulling back from a high near $750. However, experts remain optimistic. Network analysis, like that from Helius Labs CEO Mert, reveals exponential growth in privacy demand, reflected in the Zcash Shielded Pool.
The volume of ZEC locked in the network’s private transactions is a key indicator. Data from the Zcash network shows an increase from 2.6 million ZEC in March to over 4.1 million by early November. This growth in the Zcash Shielded Pool has been described as “literally vertical” by Mert, who called it one of the most incredible things in crypto.
Is privacy the next major narrative in the crypto market?
Interest in financial privacy is on the rise. A recent report from venture fund a16z Crypto highlights that privacy concerns are more urgent than ever. Furthermore, Google searches for crypto privacy have reached historic highs during 2025. This sentiment is shared by academics like Omid Malekan, a Columbia professor, who noted that privacy has been neglected for too long in the industry.
The price correction is seen as healthy by analysts. Analyst Vini Barbosa explained that many whales are taking profits exceeding 1,000%, which is an expected move. On the other hand, ZEC’s low inflation, similar to Bitcoin’s, strengthens its fundamentals. This focus on privacy could attract institutional investment into the economy of anonymity-focused altcoins.
Although ZEC has retreated from its highs, the fundamental base is strengthening. Analysts like investor Yoshi maintain bold projections, suggesting ZEC’s potential to reach $10,000 long-term. The market will watch if the demand for privacy in the Zcash Shielded Pool translates into a sustainable price recovery.
