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Zcash Halving and Its Impact on the Crypto Market: Price Trends After Halving and Shifts in Miner Activity Within an Evolving Market

Zcash Halving and Its Impact on the Crypto Market: Price Trends After Halving and Shifts in Miner Activity Within an Evolving Market

Bitget-RWA2025/11/13 01:30
By:Bitget-RWA

- Zcash's 2024 halving reduced block rewards by 50%, reinforcing its deflationary model and reshaping miner incentives. - Post-halving price surged 92% in Q4 2025, driven by speculative demand and Grayscale's $137M institutional trust. - Transition to proof-of-stake stabilized the network, lowering barriers for validators and reducing energy costs. - Experts project ZEC could reach $750 if privacy adoption grows, but risks include regulatory scrutiny and miner selling pressure. - Zcash's unique blend of sc

The (ZEC) halving that took place on November 23, 2024, represented a significant turning point for this privacy-centric digital currency. By cutting block rewards from 3.125 down to 1.5625 ZEC, the event further reinforced Zcash’s deflationary supply structure—a fundamental change that has historically fueled price rallies and altered miner motivations. As the cryptocurrency sector continues to evolve, the aftermath of Zcash’s halving provides valuable perspective on how limited supply, institutional involvement, and network enhancements collectively shape both speculative and practical demand.

Post-Halving Price Trends: Deflationary and Institutional Influence

As highlighted in a

, Zcash’s value soared by 92% in the fourth quarter of 2025 after the halving, with year-to-date returns reaching 1,172% by November 6, 2025. This dramatic movement was driven by both speculative excitement and underlying structural changes. The halving event brought Zcash’s annual inflation rate down to 4% by late 2025, drawing it closer to Bitcoin’s narrative of scarcity, according to the Bitget report. Furthermore, the introduction of the Grayscale Zcash Trust, which oversees $137 million in assets, reflected increasing institutional trust, as noted in the Bitget report.

Zcash stands out due to its privacy features—shielded transactions now make up 28% of its total supply, as reported by Bitget. These privacy capabilities, supported by accessible tools like the Zashi mobile wallet, have cultivated a dedicated user community. FXStreet points out that this utility-based demand works alongside speculative interest, creating two main drivers for price growth, as mentioned in the Bitget report.

Zcash Halving and Its Impact on the Crypto Market: Price Trends After Halving and Shifts in Miner Activity Within an Evolving Market image 0

Miner Adaptation: Shift to Proof-of-Stake and Network Resilience

The 2024 halving coincided with Zcash’s migration from proof-of-work (PoW) to proof-of-stake (PoS), fundamentally changing the economics for miners, according to a

. The PoS system lowered energy consumption and reduced entry barriers for validators, attracting more institutional players and enhancing network stability, as detailed in the Bitget analysis. This upgrade helped reduce the risk of hash rate swings, a frequent issue for PoW coins after a halving.

Miner earnings also underwent a shift. With block rewards slashed, PoW miners saw their profits decrease, prompting a faster transition to PoS validation, as noted in the Bitget analysis. This change has made network participation more accessible, lowering the bar for smaller investors and lessening dependence on large mining operations, according to the Bitget analysis. The next halving, set for 2028, will further decrease block rewards to 0.78125 ZEC and is expected to reinforce these patterns, as stated in the Bitget analysis.

Expert Perspectives: Navigating Optimism and Uncertainty

Market experts remain cautiously positive. Bitget forecasts that ZEC could break above $500, with potential targets of $580 or even $750 if the adoption of shielded transactions continues, as outlined in the Bitget report. Nevertheless, there are ongoing risks. Regulatory ambiguity around privacy coins, price volatility, and the possibility of miners selling due to reduced rewards could all limit growth, according to the Bitget report. Additionally, Zcash’s negative correlation with Bitcoin, observed in late 2025, underscores its value as a diversification tool in crypto portfolios, as noted in the Bitget report.

Conclusion: A Strategic Player in an Evolving Crypto Ecosystem

The path Zcash has taken since the halving highlights its transformation from a specialized privacy coin to a key asset in the expanding crypto landscape. The combination of a deflationary supply model, growing institutional interest, and the stability brought by PoS positions ZEC as both a long-term value store and a utility-focused platform. Despite ongoing challenges, the 2024 halving has sparked a broader narrative: in a time of regulatory challenges and market segmentation, Zcash’s unique mix of scarcity and privacy could become increasingly appealing to investors seeking diversification.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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