Zcash rallies 32% in a week as Helius CEO rejects the privacy explanation
Zcash rose about 32% in a week to a multi-year high near $1,595, and Helius CEO Mert Mumtaz told Unchained the move is about more than privacy alone.
Why it matters
The only new information here is Mumtaz's interpretation of the move and Zcash's unfinished upgrade roadmap, and no second outlet has tested the account against market data. What is verifiable is that the network remains quantum-recoverable, with faster block times and full quantum resistance left to a future upgrade.
Where the sources disagree
Monero's weekly performance relative to Zcash
The obvious explanation is that privacy is back in style
Unchained
It is not the privacy aspect specifically; privacy is just one of the colors in a bigger picture
Unchained
Mumtaz used Monero as a test that would fail if privacy drove the rally, but the same report states Monero also rose over the week and gives no figure to compare.
Key facts
Zcash rose roughly 32% over the week.
32 %Reported by Unchained
Zcash traded at a multi-year high of about $1,595 on Sept. 19.
1,595 USDReported by Unchained
That price was Zcash's highest since its 2016 launch.
Reported by Unchained
Mert Mumtaz, co-founder and CEO of Helius, said the rally is not about privacy specifically, calling privacy one part of a bigger picture.
Disputed figureReported by Unchained
Mumtaz argued the strongest version of a store of value requires privacy, with little surprise around regulation or fungibility.
Reported by Unchained
Zcash is working toward faster block times and full quantum resistance in its next upgrade, and the network is currently quantum-recoverable rather than quantum-proof.
Reported by Unchained
Unchained reported Monero, another privacy coin, also rose over the week but did not give a figure.
Disputed figureReported by Unchained
What happened
Zcash rose roughly 32% over the week and traded at about $1,595 on Sept. 19, its highest level since the coin launched in 2016, according to Unchained, which also placed it ninth by market value. Helius co-founder and CEO Mert Mumtaz, speaking on the Sept. 21 episode of Unchained, rejected the idea that privacy alone drove the rally, calling privacy 'just one of sort of the colors' within a wider case built on scale, quantum resistance and store-of-value qualities. He also said the best version of a store of value needs the ability for privacy, because it should carry little surprise on regulation or fungibility. His test for that was Monero: he said a privacy-driven rally would have lifted Monero the same way, though Unchained reported Monero also gained over the week without providing a figure. Mumtaz said the network today is quantum-recoverable rather than quantum-proof, and that Zcash is working toward faster block times and full quantum resistance in its next upgrade. Unchained is the only outlet carrying this, so the account rests on one interview and one price series with no independent confirmation in this evidence set.
How the story developed
- Update
Zcash reaches multi-year high of about $1,595
The coin traded at its highest level since its 2016 launch, up roughly 32% on the week.
- Official statement
Mumtaz makes the case on the Unchained podcast
The Helius co-founder and CEO rejected a privacy-only explanation for the rally and said Zcash is quantum-recoverable rather than quantum-proof.
- First report
First report by Unchained
Zcash Is Rallying on More Than Privacy, Mert Mumtaz Argues
- Update
Unchained publishes the write-up
The only report in this set, ranking Zcash ninth by market value.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Unchained Crypto media | Zcash Is Rallying on More Than Privacy, Mert Mumtaz Argues | Original |
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