"Privacy Tokens on the Rise: Zcash Stands Out"

Revival of Privacy Tokens

Privacy tokens are experiencing a surge led by Zcash (ZEC). Zcash has gained 40% in the last 24 hours, attracting attention. These developments have increased investor interest in privacy-centric cryptocurrencies.

This shift in the markets is combined with general economic uncertainties and regulatory debates. As the privacy corners of the crypto ecosystem come into focus again, many investors are returning to themes that were effective during the 2017-2018 bull market. According to CoinGecko data, tokens in the sector have gained an average of 15% in value in the last 24 hours.

Zcash and Others Rise

In addition to Zcash, Dash (DASH), Verge (XVG), Decred (DCR), and Tornado Cash (TORN) have recorded increases ranging from 13% to 35% in the last 24 hours. Especially, the RAIL token of the Railgun platform surged by 117%, achieving a 300% gain over the week. Zcash has realized approximately 1.1 billion dollars in transaction volume across all exchanges in the last 24 hours.

Market Conditions and Future Expectations

As major cryptocurrencies take a breather during this period, investors are turning their attention to privacy tokens. Bitcoin is trading around 122,000 dollars, while Ethereum has declined to 4,350 dollars. Monero (XMR) continues to be a preferred option in the privacy space. However, market participants are also taking note of the significant increases in privacy-focused tokens.

Monero developers have announced the 'Fluorine Fermi' update to enhance privacy features. At the same time, Zcash is expanding its usage by supporting cross-chain swaps with its mobile wallet Zashi. Once forgotten, Dash is now re-emerging in the spotlight.