ZEC Surpasses $500, Naval's Shoutout Leads to 575% Price Increase

BlockBeats News, November 6th, according to HTX market data, privacy coin ZEC has surpassed $500, with a 24-hour increase of 16.8%. Its surge began when renowned Silicon Valley angel investor Naval stated on October 1st that "ZCash is insurance against Bitcoin," and his call has since seen a 575% increase.

BitMEX co-founder Arthur Hayes has also been actively promoting ZEC lately, stating on October 30th, "Nothing can stop this train; ZEC will rise to $10,000." He reiterated his bullish stance yesterday, saying, "When the money printer is restarted in 2026, I hope you have long positions in Bitcoin and ZEC."

With ZEC's continuous rise, the total market value of the privacy coin sector has reached $25.5 billion, with a 24-hour increase of 2.9% and a 24-hour trading volume of approximately $3.87 billion.