Zcash (ZEC) recorded a 102% gain over the past 30 days, pushing the privacy coin into the $1,535 trading range. This monthly milestone was reached shortly after ZEC surged past the $1,600 mark in September 2026. The price momentum is reflected in ZEC’s daily Average Directional Index (ADX) reading of 60.44, signaling a strong trend dominating trading volumes.
The catalyst driving Zcash’s chart movement is rooted in recent developments in conventional capital markets. The asset’s continued strength has been supported by the conversion of the Grayscale Zcash Trust into a spot Exchange-Traded Fund (ETF). The price-tracking product now trades on the NYSE Arca under the new ticker symbol ZCSH, where it has been available to public market participants since August 25, 2026.
Long-Term Target After Breaking $1,200
The price trajectory heading into the end of the year prompted key figures behind the Zcash ecosystem to respond to the market action. Zcash co-founder Eli Ben-Sasson addressed recent price movements, reaffirming his projection that ZEC remains on track to hit $5,000 by the end of the 2026 cycle.
Reaching $5,000 would require Zcash to gain an additional 226% from current trading levels. The co-founder’s outlook is anchored in the strong momentum seen this month. An interim target initially set at $1,200 was cleared ahead of schedule as strong buying volume pushed the price past the barrier on September 25.
Stock Split Aims to Attract New Investors
The swift appreciation of the underlying asset prompted a tactical move from the ETF issuer. Asset manager Grayscale has scheduled a 3-for-1 stock split specifically for its ZCSH ETF product.
The distribution process sets a record date for eligible shareholders. Investors on record as of September 28 will be eligible to receive the additional shares, with two additional ZCSH shares distributed for each share held on September 29. These combined catalysts are now a focal point for buyers maintaining upward momentum for the privacy coin toward the December year-end close. Reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
