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BitMEX co-founder Arthur Hayes predicted Zcash will surpass Ripple’s XRP, whereas Arkham Intelligence mentioned he’s dumping Ethereum and different cryptos.

In a collection of posts on X, Hayes declared “$ZEC > $XRP” and mentioned its chart is “simply so stronk I aped extra.” His promotion of the crypto comes amid a parabolic rally for the privateness coin regardless of a broader market stoop .

All Hayes Needs For Christmas Is ZEC

In a follow-up X publish, Hayes mentioned that each one he desires for Christmas is ZEC. 

Zcash is at present the Twelfth-largest crypto with a market capitalization of $11.014 billion. XRP is ranked fourth with a market cap that exceeds $135.78 billion.

Hayes’s curiosity in ZEC comes amid a hovering rally for the altcoin in current weeks. The privateness coin has surged greater than 22% prior to now week, 217% within the final month and 1,628% within the 12 months.

Regardless of Hayes’ feedback, it’s tumbled 4% prior to now 24 hours to commerce at $672.77 as of two:04 a.m. EST, in response to CoinMarketCap. 

ZEC value (Supply: CoinMarketCap

Earlier this week, Hayes predicted that the ZEC/BTC pair will soar to 0.2, from $0.00714 at present, in response to TradingView knowledge. If his prediction performs out, ZEC would acquire round 2,701% in opposition to the main crypto. 

Not too long ago, Hayes has additionally urged traders who maintain ZEC on centralized exchanges to withdraw their crypto into self-custodial wallets “and protect it.” 

Hayes Dumps Different Cryptos

Whereas Hayes could also be bullish on ZEC, the crypto mogul seems to have trimmed many holdings in different digital belongings amid the current market downturn.

In an X publish earlier right this moment, on-chain analytics agency Lookonchain, citing knowledge from Arkham Intelligence, mentioned Hayes “is dumping his luggage closely.”

In accordance with the publish, Hayes bought 260 ETH value $820K, 2.4 million ENA valued at $651K, 640K LDO value $480K, 1,630 AAVE valued at $289K, and 28,670 UNI value $209K.

ETH, UNI, and AAVE gained 1%, 3%, and 0.5%, respectively within the final 24 hours. Conversely, ENA and LDO dropped over 1% and 0.4%. 

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