Zcash (ZEC) has experienced significant market traction, driven by a growing focus on privacy. The cryptocurrency has seen over 4 million ZEC shielded, marking a record high. Since September, ZEC has surged over 500%, reaching a peak of $298 before undergoing a correction. Open Interest (OI) for Zcash hit an all-time high of $360 million, reflecting heightened speculative interest. Despite a 16% decline from its recent peak, ZEC remains above key support levels, indicating potential for recovery. Developers are also advancing privacy-focused applications, with Mert Mumtaz of Helius organizing a Zcash hackathon to further this initiative.