TLDR
- ZEC jumped ~4% after Robinhood announced it would list the token
- ZEC rose while the broader crypto market fell around 2%
- Grayscale has applied to convert its Zcash Trust into a spot ETF
- Analyst thatsavibe_eth sees a path to $600 if ZEC breaks $390 resistance
- Arthur Hayes has a long-term price target of $10,000 for ZEC
Zcash (ZEC) price climbed nearly 4% on Thursday after Robinhood announced it would list the privacy-focused token on its platform. ZEC was trading around $332 at the time of writing, recovering from a 24-hour low of $312.56.
The move came as the broader crypto market pulled back. The global crypto market cap fell roughly 2% on the same day, making ZEC’s gain stand out.
Helius CEO Mert Mumtaz was among the first to react positively to the Robinhood news. Mumtaz has previously encouraged Robinhood to list ZEC and called the development a step forward for privacy-focused assets.
$ZEC is now available to trade on Robinhood Crypto, including NY. pic.twitter.com/68xgDsNDJm
— Robinhood (@RobinhoodApp) April 23, 2026
Robinhood itself has been making moves beyond the US market. The platform recently received In-Principle approval from the Monetary Authority of Singapore to offer brokerage services in the region.
Institutional Moves Adding Fuel
Grayscale has filed an application to convert its Zcash Trust into a spot ETF. If approved, it would be the first regulated privacy-focused crypto ETF. Analysts estimate it could attract between $500 million and $2 billion in inflows.
The Zcash Open Development Lab also recently closed a $25 million funding round. Backers include Paradigm, a16z, and Coinbase Ventures. The initiative is focused on building a broader private financial platform, not just maintaining a niche coin.
New products like the cashZ wallet and upgrades to the Zashi wallet are expected to make private transactions easier for everyday users.
On-chain data shows a growing share of ZEC supply is locked in shielded pools. Combined with reduced issuance following the 2024 halving, the available supply of ZEC is shrinking.
Price Levels to Watch
On the 4-hour chart, ZEC broke out of a descending parallel channel, which analysts typically read as the end of a corrective phase. The Supertrend indicator flipped green, and the MACD crossed into positive territory.
ZEC now faces resistance between $337 and $361. A clean break above that zone could open a path toward the $400 level, and potentially $450 if momentum holds.
Analyst thatsavibe_eth, writing on TradingView, set a $600 target but noted ZEC must first clear $390. The bullish case breaks down if ZEC loses the $300–$310 support zone.
BitMEX co-founder Arthur Hayes has said he is most bullish on ZEC among altcoins. In a 2025 post on X, Hayes set a long-term price target of $10,000 for ZEC.
ZEC was trading around $332 at time of writing, holding above the $330 level after the Robinhood listing announcement.
