Zcash (ZEC) is poised to make a comeback on the OKX crypto exchange today, marking an important shift for the privacy-centric cryptocurrency that was removed less than a year ago. The relisting comes in the wake of a remarkable surge in ZEC’s price, which has skyrocketed by more than 1,200% over the past three months. However, this meteoric rise has also sparked warnings from market analysts about a possible downturn.
The original delisting of Zcash from OKX occurred in January as part of a broader strategy to remove privacy-focused cryptocurrencies, driven largely by increasing regulatory scrutiny. At that time, the exchange cited failure to meet listing criteria and provided limited detail on the specific reasons for Zcash’s removal. The tightening of anti-money laundering (AML) regulations prompted various exchanges to reevaluate their offerings of privacy coins, including Zcash, to mitigate legal and operational risks.
Zcash distinguishes itself in the crowded cryptocurrency landscape by utilizing zero-knowledge proofs, or zk-SNARKs, which enable users to keep transaction details private. Unlike Bitcoin, which openly records all transaction data, Zcash allows individuals to choose whether to reveal their information. This privacy feature has garnered attention from both investors and institutions seeking enhanced confidentiality.
In addition to its privacy capabilities, Zcash is attracting interest for ongoing research into quantum-resistant encryption technologies. Some investors see this as a proactive measure against potential future vulnerabilities in cryptography, further enhancing Zcash’s appeal among seasoned Bitcoin holders looking for more secure alternatives.
In a recent announcement, OKX confirmed the details surrounding the relisting of Zcash, including:
- Deposits Opened: 05:45 UTC, November 23
- Pre-open Session: 11:00–12:00 UTC, November 24
- Spot Trading (ZEC/USDT): 12:00 UTC, November 24
- Withdrawals: 14:00 UTC, November 24
During the pre-open and trading phases, OKX will implement index-based price-limit rules.
Zcash’s price performance leading up to its relisting has been notable, with data from CoinGecko indicating that ZEC was trading around $537 at the time of reporting. The token had briefly surged beyond the $600 mark earlier in the month before experiencing a slight pullback as traders began taking profits. Despite its recent rally, some analysts have adopted a cautious stance. Valdrin Tahiri from CCN remarked that the upward momentum might be reaching its limit, suggesting that current market conditions could lead to a bearish trend.
Tahiri analyzed Zcash’s long-term price structure and argued that the latest surge may indeed signify the end of a bullish cycle. He indicated that sub-wave movements within Elliott Wave theory point to potential downside targets of $96 and $57 for the end of 2026 and 2027, respectively. He warned that if the wave count holds true, a significant decline may be imminent, similar to downturns witnessed in past market cycles.
As Zcash prepares to resume trading on OKX, the crypto community watches closely, navigating both the promising aspects of the coin’s privacy features and the looming concerns surrounding potential market corrections.
