While cryptocurrency markets are entering the last quarter of 2025 with high volatility and some projects are facing harsh sales pressure, some are drawing attention with their strong stance. As the pressure on privacy-focused projects increases, Zcash (ZEC) has suffered a serious loss in value in recent weeks. In contrast, TRON (TRX) managed to remain on the radar of investors by maintaining price stability despite the general market decline. These two contrasting graphs once again reveal how decisive project foundations and usage areas are in the crypto market.
Sharp Fall and Increased Pressure on the Zcash Front
Zcash had a strong rally in November, rising to $744. Its privacy-focused structure, shielded transactions and expectations that corporate interest will increase supported this rise. However, in the first weeks of December, the situation was reversed. Although the ZEC price first fell to $ 313, and then rose above $ 450 with a limited recovery, this movement was not permanent. The price, which has been around $441 in recent transactions, arouses interest from investors.
Zcash, which has risen approximately 5 percent in the last 24 hours, seems to be driven not only by technical reasons but also by the general market perception. However, regulatory concerns regarding privacy-focused crypto assets and investors’ risk aversion tend to raise concerns about a selling pressure. As a matter of fact, the Midnight token, which has a similar theme, lost 25 percent of its value in a short time, clearly showing the fragility in this area.
In addition, Grayscale’s 2026 Digital Asset Outlook report emphasizes that the theme of privacy will come to the fore in the coming years, and Zcash is shown as one of the potential leaders in this field. The report states that strong privacy infrastructures are inevitable for blockchains to be further integrated into the financial system. While some optimistic forecasts see $1,000 as the base case for ZEC in the next 12 months, current market conditions indicate that these targets may be elusive in the short term.
TRON Stands Out With Its Stability
Unlike the volatility in Zcash and many other altcoins, TRON has become one of the rare projects that defied the general downward trend of the market. TRX price has managed to hold at $0.28 for weeks. This stability is remarkable in an environment where Bitcoin dropped from 126 thousand dollars to 87 thousand dollars and Ethereum dropped below 3,000 dollars.
TRON’s strong performance is driven by solid on-chain data. The network maintains its leading position especially in USDT transactions and hosts billions of dollars of stablecoin transfers daily. The bridge established with Coinbase’s Base Layer 2 network via LayerZero and integrations with platforms such as Kalshi and Orbiter Finance have expanded the usage area of the TRON ecosystem.
Technical indicators also give positive signals for TRX in the short term. While the MACD indicator shows that buyers are still strong, the $0.30–0.32 band stands out as the next target. However, if the $0.28 support is lost, there is a risk of a retreat towards the $0.22–0.20 range.
In addition to this chart, another recent news also supports the divergence in the market. The emergence of new drafts for stablecoin regulations in South Korea has increased interest in usage-oriented networks and strengthened the cautious stance towards speculative and privacy-themed projects. This development explains why actively used networks such as TRON are more resilient.
In summary, the Zcash and TRON example shows that not only the narrative but also the actual usage determines the prices in the crypto market. Although the privacy theme has significant potential in the long term, regulation and market stress challenge such projects in the short term. In contrast, networks with active usage and strong integrations can more easily maintain investor confidence during volatile periods.
