TREE NEWS reports: ZEC rose more than 40% over the past week and broke above $1,500, setting a new all-time high, as attention shifted to Zcash’s early-stage NFT ecosystem. zkSNARKs, a privacy identity NFT collection, closed its blind auction on September 18 with 16,971 bids; the top 8,000 winners each paid a uniform 1.5 ZEC, for total volume of 25,305 ZEC. Its secondary marketplace Zilkroad opens September 19.
Zcash Tops $1,500 as NFT Ecosystem Heats Up; zkSNARKs Auction Raises 25,305 ZEC
AI take
Zcash's move is notable less for the price milestone than for where demand is coming from: a privacy-identity NFT auction settling on-chain at a uniform clearing price, with a dedicated secondary marketplace arriving the next day. That links ZEC's speculative bid to actual usage of its shielded infrastructure, which is a different story than a pure momentum trade. The open question is whether Zilkroad generates sustained secondary volume or the auction proves a one-off event.
Generated by AI for reference only.
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