Uptober is off to a strong start, with Bitcoin rallying by 4% to reclaim $117,000 and altcoins following suit.
However, an unlikely asset is topping the charts. Zcash (ZEC) is up by over 100% on Wednesday, posting the highest gains of any top 100 cryptocurrency.
The ZEC price hit a 3-year high of $153 on Wednesday, up 225% from the start of the new uptrend last week and 320% from its August bottom.
Despite the strong bullish sentiment, sidelined investors are concerned that it may be too late to invest in the asset, especially with the overbought RSI in the daily and weekly timeframes.
Why Is Zcash Pumping?
Zcash is showing significant bullish strength after a renewed wave of interest in privacy coins.
AngelList co-founder and serial entrepreneur Naval Ravikant started a firestorm on X after calling Zcash an insurance against Bitcoin, much like Bitcoin is an insurance against fiat.
Bitcoin is insurance against fiat.
ZCash is insurance against Bitcoin. https://t.co/rqMrR3bW7O
— Naval (@naval) October 1, 2025
For the uninitiated, Zcash is a fork of Bitcoin’s codebase, but with built-in privacy enhancements using zero-knowledge proofs to shield transaction details. Unlike Bitcoin, Zcash allows users to choose transparent or shielded (private) transactions via zk-SNARK protocols.
The project has also become a favourite among crypto OGs, serving as a symbol for those who still prize decentralization and privacy. Many in this camp remain skeptical of growing U.S. government oversight of Bitcoin and the influence of institutions like BlackRock, even if BTC’s price has benefitted from their involvement.
With the privacy movement gaining momentum, ZEC has emerged as one of the best cryptos to buy.
Zcash Price Prediction – $1000 This Year?
Zcash is displaying strong bullish momentum, having doubled in a single day and gained nearly 4x since its August lows. It now stands as the top performer within the top 100 cryptocurrencies, leading returns over both the past 24 hours and the past week on CoinMarketCap.
Notably, the ZEC price has broken out of its macro descending trendline, which started back in May 2021.
Notably, it has also formed a bullish divergence in its monthly price chart, as indicated by the higher high in the Relative Strength Index and a lower high in price.
For the uninitiated, a bull-div in the monthly chart is one of the biggest buy signals, which suggests that the ongoing ZEC uptrend still has plenty of legs.
However, interested buyers need to exercise some caution rather than FOMO buying. Notably, its monthly RSI is now at its highest level ever and has reached the 70 mark, which typically suggests overbought conditions.
Similarly, the weekly and daily RSIs are in the overbought territories, which could result in a sharp sell-off. The bulls would also need to flip the $145 and $177 resistance levels for a bullish continuation.
However, the dips are simply buying opportunities, especially as analysts are predicting the Zcash price to hit $1000 this year.
Indeed, the ZECBTC ratio simply needs to hit its July 2019 level of 0.01 for the asset price to hit $1000. Notably, the pair was trading as high as 0.17 in 2017.
$ZEC to $1000 looks like this against $BTC pic.twitter.com/pqchkFdtHX
— b̾i̾t̾s̾o̾f̾w̾e̾a̾l̾t̾h̾ (@bitsofwealth) October 1, 2025
ZEC Could 10x While Experts Call Bitcoin Hyper The Next 100x Crypto
Zcash’s success once again confirms that utility coins are finally in the spotlight.
Unsurprisingly, Bitcoin Hyper (HYPER), one of the top low-cap utility coins, is in high demand. It has already raised nearly $20 million in its ongoing presale, making it one of the most successful ICOs of this year.
For the uninitiated, Bitcoin Hyper is positioning itself as a pioneering Layer-2 network built on the Solana Virtual Machine, aiming to bring programmability, high speed, and low fees to Bitcoin’s ecosystem. It seeks to become Bitcoin’s execution layer, enabling smart contracts, DeFi, NFT activity, and fast settlement, while preserving the security and decentralization of Bitcoin itself.
Unsurprisingly, whales have been quick to recognize HYPER’s upside potential. Notably, one whale purchased nearly $320k worth of Bitcoin Hyper in three transactions on Monday, data from Etherscan reveals.
With the Bitcoin price expected to surpass $150k this year, BTC layer-2 coins like HYPER could be excellent bets for outsized returns. Many analysts are already calling Bitcoin Hyper the next 100x crypto.
Visit Bitcoin Hyper Presale
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