Zcash (COIN: $ZEC) is a privacy-focused coin that launched in 2016. The coin lets users transact privately, with the aid of advanced zero-knowledge proof technology (zk-SNARKs). The project is based on the Bitcoin codebase and features a 21 million cap and proof of work. Unlike Bitcoin ($BTC), $ZEC was built with the goal of enhancing transactional privacy.
Zcash Price Soars
Recently, ZEC has seen its price soar, rising 22.4% in the past week and 9.9% in the past 24 hours as of Saturday, February 14, 2026. The 24-hour trading volume has soared to $549,549,499, a 38.90% increase from the previous day. That signals a rising interest in the coin, which is now the 13th most traded coin by 24-hour trading volume.
Looking at the open interest in Zcash, the derivatives data shows a huge shift in positioning. The funding rate is slightly negative to neutral, which signals that long positions are not overcrowded. Additionally, it shows traders are not aggressively taking long positions. Meanwhile, open interest has risen to around $230 million after a steady fall towards the end of January.
This combination is a signal of fresh positions joining the market, with excessive bullish sentiment. This structure is great for traders, unlike one driven by over-the-top positive funding. If the price of ZEC keeps rising alongside expanding open interest, it signals new capital is supporting the price increase, and not just short covering.
As of Saturday, February 14, 2026, the price of ZEC is $296.59, which is a 90.71% discount on its all-time high price of $3,191.93, and a major improvement since its all-time low of $16.08, a 1,744.45% gain.
The coin is currently ranked 23rd by market cap, with a market cap of $4.89 billion. Its circulating supply is 17 million. Just like the BTC network, new coins are minted via mining. The coin has outperformed the global crypto market, which is up just 0.90% in the past week.
BTC Dips
Bitcoin ($BTC) has struggled over the past month, dipping by 27.2%. Over the past week, the price has moved sideways, and it has gained 1% during that period. Meanwhile, the price is up 0.9% in the past 24 hours.
Despite the huge decline, some analysts believe Bitcoin has not hit its bottom yet. They forecast that it could dip to as low as $55K before there is a price recovery. Once it enters this price point, the analysts believe it could remain there for up to 6 months.
Is ZEC A Buy in 2026?
Amid the recent dip in the price of $BTC, the current price movement of ZEC has been extraordinary. However, with analysts forecasting that BTC has not yet hit its bottom, this could be a temporary dead cat bounce, and ZEC could potentially follow the general market trend over the coming months. Despite this, privacy coins have shown some resilience in the past few months. For now, the best strategy could potentially be to wait on the sidelines and watch how the trend pans out.
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