Zcash Leads Privacy Token Boom with 375% Surge to $689
Zcash has reignited the privacy token sector, posting a 375% rally in October and a further 78% gain this week that lifted its price to $689. The surge pushed shielded ZEC supply to 4.9 million tokens (30% of total) and daily shielded transactions above $17 million, while investors drove privacy token market cap near $55 billion. Cross-chain wallets like Zashi on NEAR’s Intents system have streamlined private swaps, boosting on-chain anonymity. As of November 7, the top five privacy tokens by market cap are ZEC ($11.22 B), LTC ($6.92 B), XMR ($6.68 B), DASH ($1.37 B) and ZK ($0.55 B). Dash and ZKsync led weekly gains at 117%, while Monero and Litecoin sustained liquidity despite regulatory scrutiny. Analysts point to upcoming protocol upgrades and continuous innovation as drivers. However, traders should note high volatility and potential regulatory crackdowns that may affect short-term trading.
Bullish
The sustained rallies in Zcash—375% surge in October followed by a 78% weekly gain—underscore robust trader demand for privacy tokens. Growing shielded supply and rising transaction volumes reflect strengthening network fundamentals. Innovative cross-chain solutions like Zashi wallet have expanded on-chain anonymity, attracting fresh liquidity. While regulatory scrutiny and high volatility pose short-term risks, upcoming protocol upgrades and the sector’s strong market capitalization near $55 billion support a bullish outlook for ZEC trading.