Zcash, Dash, and Railgun Surge as Market Revisits 2018 Privacy Token Trends

byUS_admin

The crypto market is witnessing a resurgence in interest towards privacy-focused assets, reminiscent of the trends seen during the 2017-18 bull run.

According to CoinGecko, tokens in this niche have surged by an average of 15% over the past day. Notably, ZEC has skyrocketed over 40%, achieving gains exceeding 85% within a week and emerging as the top-performing large-cap token currently.

Alongside ZEC’s impressive rise, other tokens like DASH, XVG, DCR, and TORN have also experienced significant increases ranging from 13% to 35%. Railgun’s RAIL token has soared more than 117%, with its weekly performance exceeding a remarkable 300%. Trading volumes are on an upward trajectory across various platforms; ZEC alone reported $1.1 billion in spot trading volume within just one day.

This trend highlights how capital is shifting back into the previously overlooked privacy sector at a time when broader liquidity seeks new narratives amid major cryptocurrencies taking a breather. Bitcoin hovers just below $122,000, ether trades at $4,350,; both remain stable after reaching new highs earlier this week.

Technology-driven Price Increases

The dynamics are straightforward: Monero’s XMR continues as the go-to choice for privacy enthusiasts. ;;&#46 However, ;.. substantial gains stem from tokens with specific catalysts;. Recently;, Monero developers released an update called ‘Fluorine Fermi’ aimed at enhancing user privacy against surveillance nodes:

&#39Railgun’s rise reflects renewed focus on its smart contract-based shielded transactions.&quot Meanwhile,&comma;; &aposZcash's rally benefits from integrations via Zashi&comma;; which now supports cross-chain swaps into shielded ZEC&period;</span&gt Dash&comma;; once considered outdated&comma;; has unexpectedly gained traction again due to traders revisiting its payment branding amidst ongoing discussions about stablecoin regulation.

  • The flow suggests positioning for long-term regulatory changes:&nbsp With ETF allocations boosting bitcoin prices higher&nbsp ; altcoins bids follow narratives such as AI&nbsp , memes infrastructure &amp ; now focusing on enhancing user anonymity through these specialized coins.</div </ul
  • The consistent strength displayed by these privacy-oriented tokens indicates that this surge isn’t merely short-lived : During previous bull markets&nbsp , they thrived whenever issues related to surveillance or compliance dominated headlines : Currently &comma US government shutdown stalls economic data release central banks adopt dovish stances while financial censorship debates resurface making it easier for investors seeking hedges against uncertainties using bitcoin alongside engaging with private trade options available today!

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