- Zcash gained nearly 32% from Sept. 15 to 17, climbing above $1,500 as exchange netflows turned positive.
- X mentions of Zcash reached 6.8 times their 29-day baseline on Sept. 17, with X accounting for 85% of social mentions.
- Crypto Patel cited ZCSH’s $900M AUM, a 99.9% block-time vote and Zcash milestones scheduled for October and November.
Zcash climbed above $1,500 as its price gained nearly 32% from Sept. 15 to 17, while Santiment Intelligence tracked an unusual social jump. X mentions reached 6.8 times their 29-day baseline on Sept. 17. Meanwhile, analyst Crypto Patel cited developments tied to Zcash’s price move and listed upcoming network milestones for October and November.
Zcash Price Rises With Exchange Flows
ZEC traded near $1,200 to $1,250 on Sept. 7 before falling toward $1,100 to $1,150 by Sept. 15. However, the trend changed on Sept. 16 as ZEC moved above $1,400. By Sept. 18-19, ZEC reached $1,550 to $1,580. The recovery coincided with positive exchange netflows.
The largest inflow reached $27 million on Sept. 16. Another spike near $22 million followed on Sept. 17. Other flows ranged from $10 million to $16 million. However, the chart also showed outflows. A $12 million negative flow appeared on Sept. 18 while ZEC traded near the upper range.
Santiment Tracks Concentrated Social Activity
According to Santiment, Zcash’s social volume reached its highest level in a month on Sept. 17. Almost all came from X. X mentions ran 6.8 times their 29-day baseline, while other platforms reached 1.7 times. Consequently, X accounted for 85% of Zcash mentions, compared with 59% normally.
Santiment also found that the posts appeared to repeat identical whitelist application text. Each post used a new ticket number. ZEC closed 10% higher on Sept. 17, gaining about 32% from Sept. 15 to 17.
Crypto Patel Lists Upcoming Zcash Catalysts
Analyst Crypto Patel cited developments behind the ZEC activity. He cited ZCSH crossing $900 million in assets under management on Sept. 8. On Sept. 16, Crypto Patel cited a 99.9% vote for 25-second blocks and Paradigm’s disclosed ZEC investment. He also listed the NU7 testnet for Oct. 6.
The NU7 decision is scheduled for Oct. 20, followed by the mainnet Nov. 5. Crypto Patel also cited ZEC’s 9,376% gain over 792 days. The chart places ZEC around $1,500 to $1,570. Below $1,500, it marks $1,450 and $1,400 as levels. It also shows $1,600 and $1,670 above the current range.
