Will Zcash Price Dive into the Abyss? Grayscale ETF Conversion Could Trigger Catastrophe!

by

Oh, Zcash, the once bright star of the privacy cosmos, now flickering in the cold dark void of cryptocurrency uncertainty. The price, once soaring high like a bird in the sun, has plummeted by a dismal 32% from its year-to-date zenith, and yet, even as the heavens themselves tremble with the news of Grayscale’s monumental move, the token remains stagnant, like a man staring into the abyss, waiting for the abyss to blink first. But the abyss, my friends, has no intention of blinking.

transforming the ZEC Trust into an exchange-traded fund.

  • Despite the spectacle, technical analysis predicts more downward spirals. Oh, the irony!

    • On the 26th of November, Zcash (ZEC) found itself trading at a humble $503, a mere shadow of its former self, with its market capitalization shrinking to $8.29 billion from a high of $11.4 billion earlier this year. A tragedy of epic proportions, wouldn’t you say?

    But here’s the rub: the price kept falling, even after Grayscale-yes, that noble titan of financial wizardry-filed the Form S-3, allowing Zcash to be reborn as the first Zcash ETF in all its glory. Will this momentous change alter the fate of ZEC? Possibly, but for now, it’s as if the crowd cheered, and ZEC barely budged.

    We’ve filed the ZCSH Form S-3 – a necessary step to launch the first ZEC ETPs.

    Zcash, launched in 2016, had its Grayscale Zcash Trust (Ticker: ZCSH) unveiled in 2017, and now we face this inevitable moment.

    – Grayscale (@Grayscale) November 26, 2025

    Oh, the trust, so full of promise with an expense ratio of 2.50%, and nearly $200 million in assets under management-truly a financial juggernaut, yet here we are, still wondering if the Zcash gods will smile upon it.

    But lo! Grayscale has a history of turning trusts into ETFs-Bitcoin (BTC), Ripple (XRP), and Solana (SOL)-all have been touched by this alchemical transformation. But does this mean Zcash will now bask in the same fortune? Only time will tell, but for now, investors are holding their breath.

    Despite this monumental shift, Zcash’s performance has been, let’s say, impressive in recent months. After all, its rally began with Grayscale’s announcement, and the numbers showed it. The supply surged, soaring from under 3 million to over 4 million, like a swelling tide. Oh, the thrill of the market!

    Zcash Price Technical Analysis: A Tale of Doom and Gloom

    But alas, as we look at the charts-yes, those cold, unforgiving charts-we see that the Zcash price was bound in a tight range between $15 and $77 from June 2022 to September of this year. A time of consolidation, a time when the markets whispered among themselves, “Not yet.” And indeed, this was the accumulation phase-the calm before the storm.

    And then, like a great eruption, Zcash entered the markup phase-its price shot from below $50 to a staggering $742. A true spectacle. The masses cheered. The rich got richer. But now? Now, we see ominous signs of a move to the distribution phase. Investors, like weary travelers, are beginning to cash in their chips, pushing prices lower. There is talk of a double-top pattern emerging on the daily chart, and the mood grows dark. The end seems nigh.

    Brace yourselves, dear readers, for a possible crash. Oh, indeed, the Fibonacci Retracement levels are calling, and at the 50% level, Zcash could fall to $380. Should it slip below that? Well, then, we might be looking at a nosedive to $295, the depths from which few tokens recover. Panic-sell, my friends, panic-sell-it’s a fitting finale to this tragic tale.

    Read More

    2025-11-26 18:43