Zcash’s Wild Ride: $10k or $10? 🔥

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Privacy-focused token Zcash fled like a wounded deer after weeks of rallying, which took its price to a high of $744 in January 2018, a fleeting moment of glory akin to a comet’s brief blaze across the night sky. 🌌

Zcash began to rise in September, climbing from about $50, a slow, deliberate ascent like a poet’s verse, consistent for weeks. The rise brought its market capitalization to above $10 billion, at one point boasting a yearly gain of more than 1,270%, a feat as improbable as a phoenix rising from a pile of crypto memes. 🦉

Increased interest in privacy infrastructure and technical upgrades from the Electric Coin Company contributed to the rally, along with the rising popularity of the Zashi wallet, a digital sanctuary for the paranoid. 🏰

At press time, Zcash was down 17.66% in the last 24 hours to $498, a fall as dramatic as a tragic opera aria. At one point on Tuesday, it fell 25%, with analysts, with the wisdom of sages, suggesting Zcash’s breathtaking rally might be cooling, like a once-fiery passion now reduced to a flickering candle. 🔥

Since Nov. 7, following eight consecutive days of increases, ZEC will mark three out of four days in red, a crimson stain on the ledger of hope. 🩸

Zcash’s drop follows a cool off in the privacy sector, with several related tokens posting significant losses, as if the entire realm of anonymity had been struck by a frost. ❄️

Privacy tokens Monero, Dash, Decred, Zksync and Pirate Chain were trading down, with some posting double-digit losses in the range of 11% to 20%; Monero was only down 5% as it joined the privacy token rally later than others, a latecomer to the party who still managed to steal the spotlight. 🎭

Zcash not a trade

Amid Zcash’s drop, Arthur Hayes posted his take on X, highlighting two outcomes for the Zcash price: either to go to $10,000 or $10, a binary choice as simplistic as choosing between heaven and hell. 🕊️

Zcash is not a trade.

It is a buy and shield.

– Thor Torrens (@ThorTorrens) November 11, 2025

“To sell, or not to sell, that is the question. ZEC to $10k or $10?” Hayes tweeted alongside a screenshot of a chart that reflected ZEC’s price drop, a Shakespearean tragedy in decimal form. 🎭

Hayes’s tweet caught the attention of Thor Torrens, former U.S. advisor and a member of Zcash’s advisory panel, who reacted by saying, “Zcash is not a trade.”

“Zcash is not a trade. It is a buy and shield,” Torrens wrote, a declaration as fervent as a medieval knight’s oath. In the days ahead, it will be watched if the current Zcash price drop marks a temporary pause in the ongoing rally or a further drop might be ahead, a cliffhanger in the saga of digital gold. 🧠

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2025-11-11 19:34