CoinEx News: Grayscale founder Barry Silbert said ZEC could eventually reach $8,000, based on a long-term scenario in which Zcash reaches one-tenth of Bitcoin’s market capitalization. Grayscale Research separately argued that Zcash’s optional privacy, work aimed at quantum preparedness, and cross-chain connectivity give it a credible chance to challenge Bitcoin’s network effects. The thesis follows the August 25 launch of the Zcash ETF (ZCSH) on NYSE Arca.

ZEC closed August 25 at $767.8, down 7.6% on the day but still up about 51% over both seven and 30 days. Price remains well above its 20-, 50- and 200-day moving averages, while MACD stays positive, preserving the broader uptrend. However, RSI at 71.1 and a bearish divergence show that short-term momentum is overheating. The first confirmed daily support sits near $688.50; a daily close below $655.84 would invalidate the current bullish structure, while $883-$900 remains the next recent-high and psychological test.