Myriad traders put 60% odds on Zcash $420 in April

Traders on the Myriad prediction market now assign a 60% probability that Zcash (ZEC) will reach $420 in April after the privacy token climbed about 62% over the past week to trade near $380. ZEC was trading around $379.89 on Friday, up roughly 15% in 24 hours, about 62% for the week and more than 77% for the month.

Myriad, a prediction market operated by Dastan, shifted odds sharply over a 24-hour period. Odds against an April rise to $420 stood at about 80% on Thursday and moved to a 60% probability on Friday, a 40 percentage-point swing that coincided with ZEC’s rapid price gains.

Major cryptocurrencies also posted gains during the same period after reports of a conditional ceasefire agreement between the United States and Iran. Bitcoin traded near $72,531 on Friday, up about 9% for the week. Ethereum traded around $2,226, up roughly 8.5% over seven days.

Privacy-focused tokens showed mixed results. The privacy category rose about 21% for the week, led by Zcash and Dash; Dash jumped about 48% over the same period. Monero gained about 6.1% while ZKsync fell about 4.4% during the week.

Zcash developers patched a critical vulnerability at the end of March that had exposed millions of dollars’ worth of ZEC. Security researcher Alex “Scalar” Sol disclosed that zcashd nodes were skipping proof verification for transactions tied to the legacy Sprout shielded pool, a flaw that could have allowed malicious miners to drain more than 25,000 ZEC. The bug was not exploited and a patch was released.

Despite recent gains, ZEC remains well below earlier highs. The token is nearly 46% below its November peak of $698 and far below its all-time high of $3,191 set in October 2016. Market participants are monitoring whether ZEC can sustain recent momentum and whether further technical updates or network developments affect trader confidence.