Zcash Rallies to $600 as OKX Considers Relisting ZEC

Zcash Rallies to $600 as OKX Considers Relisting ZEC
Zcash Rallies to $600 as OKX Considers Relisting ZEC

Key notes

  • OKX is considering relisting the largest privacy coin.
  • Zcash suddenly registered strong upward momentum to $600.
  • ZEC will be available for trading on the OKX exchange in November.
  • 24.

Zcash (ZEC) has returned to OKX, one of the largest cryptocurrency exchanges in the market.

OKX announced the listing of Zcash, the largest privacy token on the market, on Sunday, November 23, via a blog post on its Chinese domain.


The exchange, which is also the largest offshore platform serving the Chinese market, has already begun top-up operations for ZEC. According to the announcement, OKX will launch its ZEC/USDT spot trading at 12:00 UTC on November 24. Withdrawals will open only two hours after spot trading is activated.

Interestingly, OKX removed ZEC, along with other prominent privacy coins, in January 2024. The exchange removed the leading privacy tokens due to “low activity” and “feedback from users” without specifying specific reasons for each asset, Coinspeaker reported.

Zcash is heading to $600

Shortly after the OKX announcement, Zcash gained sharp upward momentum as its price reached a local high of $601.

However, due to the bearish tendencies that took over the market, ZEC faced another correction to its current price of $564. The leading privacy token has recently gained popularity due to its impressive price performance since September.

Zcash has risen more than 1,100% over the past three months. The token’s market cap currently stands at $9.24 billion with a daily trading volume of around $2 billion.

Zcash price momentum has also led to increased interest in the broader cryptocurrency privacy market. according to Data From CoinMarketCap, the total market cap of this category currently stands at $59.6 billion.

Popular analysts are also setting bullish price targets for Zcash. Ali Martinez believes ZEC will reach the $750 level soon, Coinspeaker reported. On November 7, the asset briefly reached $736 for the first time since November 2016.

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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.

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Waheed has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured in some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Beyond the reports, Wahid likes to connect the dots between DeFi and macro in his On-chain Monk newsletter.

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