Zcash (ZEC) has defied the broader cryptocurrency market downturn, experiencing a remarkable 350% increase over the past month. The privacy-focused cryptocurrency rose from $40 in September to $300, climbing to the 30th position in market capitalization. This surge is largely attributed to the growing use of Zcash's Shielded Pool, which now holds over 27% of the circulating supply. Despite the impressive gains, analyst Mike Fay warns of potential corrections, suggesting the rally may be fueled by social media hype and large holders rather than widespread adoption. Zcash's daily active addresses remain low compared to competitors like Dash and Litecoin, casting doubt on the sustainability of its recent performance.