Zcash Is Flat Over 30 Days While Bitcoin, Ethereum and Solana Fell 10% to 21%. Which of the Four Is the Best Buy Now?
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Zcash (CRYPTO: ZEC) has declined 1.9% over the last 30 days, while Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Solana (CRYPTO: SOL) have fallen 10% to 21%. Zcash traded at $1,195.
Over the same period, Bitcoin fell 10.1%, Ethereum fell 15.4%, and Solana fell 21.4%. Despite facing some selling pressure, Zcash has remained steadier than its larger counterparts.
However, it has fallen 3.6% over the past week and 5.3% in the last 24 hours, making it one of the poorer performers among the top 50 cryptocurrencies. What has helped the Zcash price hold its ground, and which of these four coins might be the best buy now?
Wall Street Withdraws $1.7 Billion From Major Coin ETFs, While Zcash Has Fresh News
The recent downturn in the major cryptocurrencies is largely attributed to spot ETFs (exchange-traded funds) that have driven significant selling pressure. These ETFs hold the actual coins, and when investors pull out their shares, the funds sell coins. From November 2 to 6, U.S. spot Bitcoin ETFs saw net outflows totaling $1.28 billion, while Ethereum ETFs experienced outflows of $365.3 million, and Solana ETFs had $26.3 million in outflows.
Moreover, cash is also exiting the crypto space. The total supply of stablecoins, dollar-pegged tokens traders use to park money, shrank by $5 billion in a week, leaving less capital available to buy dips in the market. Additionally, Bitcoin’s correlation with the S&P 500 has reached 0.80, so weak stock market days have tended to hit Bitcoin too.
In contrast, Zcash has remained more stable, partly due to its own positive developments. The NU7 network upgrade went live on November 6, and a hacker converted $3.7 million worth of Ethereum into Zcash, signaling ongoing interest in ZEC for privacy purposes.
Seven draft Zcash Improvement Proposals, which are formal requests to modify the network’s rules, appeared on GitHub on November 9. One proposes raising the coinholder voting requirement to 1,000,000 ZEC (around $1.2 billion) from 420,000 ZEC (approximately $502 million), because a single known holder can meet the current threshold. In our view, while the demand for privacy and these upgrades provide some support, they may not be as strong as steady institutional buying.
Zcash Holds Above Its 200-Day Average, and Bitcoin Is the Only Major Coin Doing the Same
| Coin | Price | 7-day Change | 30-day Change | Below All-Time High | Main Driver |
|---|---|---|---|---|---|
| Bitcoin | $75,034 | -3% | -10.1% | 40.5% | ETF outflows |
| Ethereum | $2,134 | -6% | -15.4% | 56.8% | ETF outflows, fee-burn doubts |
| Solana | $87 | -6.8% | -21.4% | 70.4% | ETF outflows, competition in DeFi |
| Zcash | $1,195 | -3.6% | -1.9% | 62.6% | NU7 upgrade, privacy demand |
The all-time high for Zcash listed in the table is $3,192, reached during its launch week on October 28, 2016. The coin peaked at $1,653 in 2026 on September 26.
A moving average measures the average closing price over a specific period, and traders often use the 200-day average to distinguish between long-term uptrends and downtrends. Currently, Zcash is trading 4.2% below its 20-day average of $1,247 and 8.4% below its 50-day average of $1,305. However, it is trading 54% above its 200-day average of $775.
Bitcoin is also performing relatively well, trading 2.5% above its 200-day average of $73,177. In contrast, Ethereum and Solana trade slightly below their 200-day averages at $2,155 and around $89, respectively, joining the 70% of altcoins currently trading under their 200-day average.
Zcash is known for its price volatility due to lower trading volume. Over 24 hours, ZEC traded $1.07 billion compared to Bitcoin’s $33.7 billion, meaning large orders can significantly impact its price. On November 7, ZEC fell sharply by 6%, the largest single-day drop among the top 50 cryptocurrencies.
Can Zcash Continue to Perform Well if the Major Coins Keep Falling?
Zcash may struggle to maintain its current level without more buyers stepping in. Its recent strength is based on potential future developments, like coinholders approving new proposals and the NU7 upgrade translating into increased usage. Zcash also surged from a one-year low of $197 on March 7 to a peak of $1,653 in September, a gain of about 739%, and runs like that often lead to rapid corrections.
The larger cryptocurrencies are facing their own challenges. Ethereum co-founder Vitalik Buterin has noted that its fee burn cannot be relied upon as a price support. Meanwhile, Solana is losing its footing as Coinbase’s Base network surpasses it in DeFi TVL. Bitcoin remains the closest to its all-time high, but this advantage could diminish if the trend of significant ETF outflows continues.
Which of the Four Looks Like the Best Buy Now, Bitcoin or Zcash?
On the evidence, Bitcoin appears to be the most secure option among the four, as it remains the only major coin above its 200-day average and has the smallest drop from its all-time high. Zcash has shown stronger momentum and achieved over 1,000% gains in a year leading up to early October. However, it may only attract investors willing to handle substantial daily price fluctuations, such as the 6% drop seen on November 7.
Currently, Ethereum and Solana seem to be the weakest choices until their ETF outflows reverse. For those exploring alternatives, our guide on the best cryptocurrencies to buy with $500 may offer helpful insights. If Zcash falls below its 30-day low of $1,126, about 6% lower than its current price, it could face further difficulties.
Contact [email protected] for any questions or corrections.
Sam Daodu is a crypto analyst and the editor of 24/7 Wall St.'s Crypto Desk, where he covers Bitcoin, XRP, Ethereum, Solana and the altcoins investors search for most. His work focuses on price levels, spot ETF flows, on-chain data and the regulatory decisions that move crypto markets, written so a first-time buyer and a seasoned trader can both use it.
Sam has written about crypto professionally since 2019 and has published more than 2,000 articles. Before joining 24/7 Wall St., he wrote for crypto media outlets and Web3 companies and ghostwrote for crypto founders and token launches. His analysis is syndicated on Yahoo Finance, MSN and AOL and has been cited by other crypto news sites. He also founded MacLabs Marketing, a content and personal branding agency for crypto founders and executives.
When he isn't reading charts, Sam is usually at the gym or watching One Piece, a series he maintains has better tokenomics than most altcoins.
