ZEC has retraced over 20% from its peak, and the odds on Polymarket for "Will Zcash reach $1000 by December 31?" have dropped to 36%

The privacy coin ZEC rose and broke through $750 on Friday, then pulled back to $488, currently reported at $550. Following BitMEX co-founder Arthur Hayes's call, despite ZEC having retraced over 20% from its peak, the market still maintains confidence that it will rise to $1000, with the odds on Polymarket for "Will Zcash reach $1000 by December 31?" being 36%.