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Zcash News Today: Zcash's Drive for Privacy: A True Bitcoin Rival or Just Another Contender Dividing the Vote?

Zcash News Today: Zcash's Drive for Privacy: A True Bitcoin Rival or Just Another Contender Dividing the Vote?

Bitget-RWA2025/11/23 10:54
By:Bitget-RWA

- Zcash (ZEC) surges 1,100% since September, challenging Bitcoin's dominance amid a November 2025 halving event and OKX's strategic relisting. - Bloomberg's Eric Balchunas warns ZEC's privacy features could "split the vote" for crypto's leading asset, framing it as a disruptive "third-party candidate." - Privacy advocates like the Winklevoss twins position ZEC as "encrypted Bitcoin ," while maximalists dismiss it as a niche asset unlikely to attract core BTC supporters. - Market volatility and speculative

The recent rally in Zcash (ZEC) prices and a surge in institutional attention have ignited a heated discussion about whether the privacy coin could challenge Bitcoin's (BTC) leading position, with

that this privacy-oriented cryptocurrency might "divide support" for the top digital asset. This caution follows climbing back above $564 after soaring 1,100% since September, and key actions from exchanges such as OKX.

The upcoming halving, which will reduce block rewards by half, is fueling a scarcity narrative reminiscent of Bitcoin, while

is now trending toward deflation. This shift, together with a rise in shielded pool usage for confidential transactions, has against currency devaluation. At the same time, OKX’s move to relist ZEC after its removal in January 2024 has , with spot trading resuming on Nov. 23.

Zcash News Today: Zcash's Drive for Privacy: A True Bitcoin Rival or Just Another Contender Dividing the Vote? image 0
Balchunas characterizes as a "third-party candidate" within the crypto sector, for at a pivotal moment. Detractors of Zcash, including prominent Bitcoin advocates such as Timestamp CEO Arman Meguerian and Jan3 founder Samson Mow, that is unlikely to win over Bitcoin’s core base. On the other hand, the Winklevoss twins, who founded Gemini and Cypherpunk Tech, have for Bitcoin, even calling it "encrypted Bitcoin."

The controversy has escalated amid aggressive marketing tactics and questionable headlines, with

from agencies pushing ZEC partnerships. Analyst Rajat Soni has also , noting that rumors of Fidelity analysts forecasting Zcash at $100,000 lack evidence. Despite skepticism, Zcash’s market capitalization has climbed to $9.24 billion, and like Ali Martinez are gaining attention.

Further fueling the excitement,

on the SIX Exchange, a development that could intensify trading in cryptocurrencies like Zcash. However, the timing of these launches has been , considering Bitcoin’s 21% and 26% declines so far this year.

As the digital asset sector faces regulatory ambiguity and broader economic challenges, Zcash’s distinct role as a privacy-focused alternative to Bitcoin continues to spark debate. With its halving event on the horizon and support from notable figures like the Winklevoss twins, ZEC is expected to remain in the spotlight for those evaluating privacy, scarcity, and shifting trends in the crypto world

and .

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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