Zcash Soars 40% to Hit $4B Market Cap, Bitcoin Hyper Tipped to Explode Next

Altcoins have been doing some serious work in recent weeks. The crypto market cap has seen a 10% increase since late September, yet Bitcoin dominance has dropped below 60%. That’s usually when capital starts flowing out of BTC and into alts that have been waiting for their turn.

Record ETF inflows, combined with the classic “Uptober” seasonal momentum, could ramp up this rotation. And retail FOMO is creeping back in too – investors are racing to get into lower-cap coins that might be trading at a discount.

Zcash (ZEC) is an example of one of these coins. The privacy-focused token has ripped 50% higher in the past week, pushing its market cap above $3.6 billion and hitting levels we haven’t seen since November 2021. ZEC is now the 12th most-traded crypto on the planet.

Bitcoin Hyper (HYPER) is drawing a different kind of attention. The ongoing HYPER token presale has raised almost $23 million, showing just how much excitement there is for this new Bitcoin Layer-2 project.

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Zcash Breaks Out After Years in the Shadows

Zcash is trading at $229 today after a rally that’s been building momentum since mid-August. The token’s up 17% in the past 24 hours, 50% over the last week, and an absolutely wild 370% across the past month.

Spot trading volume backs up the story – over $1.4 billion worth of ZEC changed hands in the last day. That means more ZEC was traded than altcoin giants like Cardano and Chainlink.

The token remains 96% below its 2016 all-time high, so this isn’t a complete comeback story just yet. But the momentum shift is undeniable. And now social sentiment is 76% bullish on CoinMarketCap.

But given how aggressively ZEC has rallied, some investors are concerned the token might crash. We saw a similar thing happen back in March 2022 when ZEC exploded higher – then dumped 36% in the three weeks that followed.

What’s Driving This Week’s Zcash Rally?

Zcash’s rally didn’t come out of nowhere. Grayscale recently announced that its Zcash Trust (ZCSH) has been reopened for private placement, allowing investors to gain exposure without having to buy ZEC directly. That led to immediate speculation about a potential spot ZEC ETF soon.

Shielded transaction volume has also been climbing, which is important because it indicates actual usage rather than traders simply flipping ZEC for profit. Users are genuinely tapping into Zcash’s privacy features – those zero-knowledge (zk) proofs that hide sender, recipient, and transaction amounts.

And unsurprisingly, ZEC’s price surge also kicked off a familiar chain reaction: short squeezes. Traders who were betting against ZEC got liquidated as the rally picked up steam, forcing them to buy back their positions and pushing the token’s price even higher.

At the same time, many investors have been rotating into privacy coins and policy-sensitive projects, with ZEC benefiting from that tailwind. All these factors combined have created a perfect storm for Zcash.

Bitcoin Hyper Positioned as the Next Crypto to Explode as Presale Nears $23M

While Zcash is getting headlines, Bitcoin Hyper has been building a different kind of story – one driven by whale accumulation. On-chain data shows large wallets loading up on HYPER during the presale, with individual buys coming in at $327,000, $193,000, and $382,000 over the past week.

One wallet alone scooped up more than half a million dollars’ worth of HYPER across just two transactions. That’s not retail traders – that’s high-net-worth investors who know what they’re doing.

Their confidence comes from Bitcoin Hyper building a Layer-2 scaling solution on top of Bitcoin, using Solana’s Virtual Machine (SVM) for speed and layering in zk-proofs for security. Transactions settle almost instantly, and users can pull their funds back to the main Bitcoin blockchain whenever they want.

Bitcoin Hyper’s presale has raised almost $23 million so far, with the next price increase set to occur in just one day. Crypto expert Borch Crypto is urging his followers to act fast – predicting the current low HYPER price ($0.013095) will look cheap in a few weeks.

So, with whale wallets accumulating and plans for CEX listings on the roadmap, Bitcoin Hyper is shaping up as one of the better plays available in today’s market. It might just be able to follow in Zcash’s footsteps.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.