Key Highlights
- Zcash gained approximately 4% following Robinhood’s listing announcement
- The privacy token outperformed the broader cryptocurrency market, which declined ~2%
- Grayscale submitted an application to transform its Zcash Trust into a spot ETF
- Technical analyst thatsavibe_eth projects potential rally to $600 upon breaking $390
- BitMEX co-founder Arthur Hayes maintains a $10,000 long-term forecast for ZEC
The price of Zcash (ZEC) experienced a notable uptick of nearly 4% on Thursday following Robinhood’s announcement that the privacy-centric cryptocurrency would be added to its trading platform. At press time, ZEC was changing hands around $332, bouncing back from its 24-hour trough of $312.56.
This upward momentum occurred against a backdrop of broader market weakness. The total cryptocurrency market capitalization contracted by approximately 2% during the same trading session, highlighting ZEC’s relative strength.
Mert Mumtaz, CEO of Helius, was quick to express support for Robinhood’s decision. Mumtaz, who has previously advocated for the platform to incorporate ZEC, described the listing as a meaningful advancement for privacy-oriented digital assets.
$ZEC is now available to trade on Robinhood Crypto, including NY. pic.twitter.com/68xgDsNDJm
— Robinhood (@RobinhoodApp) April 23, 2026
Meanwhile, Robinhood continues expanding its international footprint. The trading platform recently secured In-Principle approval from Singapore’s Monetary Authority to provide brokerage services across the Asian nation.
Growing Institutional Interest
In a significant development for the privacy coin sector, Grayscale has submitted paperwork to convert its Zcash Trust into a spot exchange-traded fund. Should regulators approve the application, it would represent the first mainstream privacy-focused cryptocurrency ETF. Industry observers predict potential capital inflows ranging from $500 million to $2 billion.
Additionally, the Zcash Open Development Lab successfully completed a $25 million fundraising round. Notable participants include Paradigm, a16z, and Coinbase Ventures. The project aims to develop a comprehensive private financial ecosystem rather than simply supporting a specialized digital currency.
Emerging solutions such as the cashZ wallet alongside enhancements to the Zashi wallet platform are designed to simplify private transaction capabilities for mainstream adoption.
Blockchain analytics reveal an increasing proportion of ZEC supply being secured within shielded pools. When combined with diminished token issuance following the 2024 halving event, the circulating supply of ZEC continues to tighten.
Critical Technical Levels
Examining the 4-hour timeframe, ZEC successfully escaped from a descending parallel channel formation, a pattern technical traders commonly interpret as signaling the conclusion of a corrective movement. The Supertrend indicator has shifted to green, while the MACD histogram has entered positive territory.
The immediate resistance zone for ZEC spans from $337 to $361. Successfully breaching this barrier could pave the way toward the psychologically important $400 threshold, with $450 representing the next major target if bullish momentum persists.
Technical analyst thatsavibe_eth, publishing analysis on TradingView, has established a $600 price objective but emphasized that ZEC must first overcome the $390 resistance level. The bullish scenario would be invalidated should ZEC surrender the $300–$310 support range.
Arthur Hayes, co-founder of BitMEX, has publicly stated that ZEC represents his most bullish altcoin position. In a 2025 social media post on X, Hayes outlined an ambitious long-term price projection of $10,000 for the privacy-focused cryptocurrency.
At the time of publication, ZEC maintained its position around $332, successfully defending the $330 threshold following the Robinhood integration announcement.
