ZEC Leads the Rally as Privacy Coins Soar
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Privacy coins, in recent times, are making the headlines as the cryptocurrency market witnesses significant movements. On the same day that Bitcoin (BTC) hit a milestone of $120,000, its highest level since August 14, privacy coins made major gains, with many seeing increases in their value by double digits.
Zcash (ZEC), which had reached its highest point in three years just a day before, seemed to take the lead, rising over 20% on October 2. Briefly, this coin hits $156.80 before pulling back to $132 at 1:30 p.m. EST. According to data from CoinGecko, ZEC has risen by more than 130% since September 25, making it the top performer among privacy coins.
Factors Behind ZEC’s Surge
Many reasons are believed to have caused the rise in ZEC’s value. However, one key factor is the announcement of the launch of the Grayscale Zcash Trust (ZCSH). This development has been seen as a major validation of ZEC. This factor is believed to reflect growing interest in privacy coins from institutional investors.
In addition, ZEC’s increased popularity has been linked to the launch of new features, like cross-chain swap capabilities. An attribute that has made the coin more appealing to investors looking for flexibility and privacy.
The Growing Appeal of Privacy Coins
Zcash’s performance in recent times has not only benefited itself, but it has also boosted the values of the likes of Monero (XMR), Dash (DASH), and Decred (DCR), which are privacy coins as well.
For instance, Monero saw its value rise by 13% in September, pushing past $340 for the first time since July 2025. This same push has helped XMR’s market capitalization surpass $6 billion, making it one of the top 40 digital assets. Dash also experienced strong growth, gaining 4.6% in 24 hours and a remarkable 61% in the past week.
Despite the overall rise in the privacy coin market, not all coins performed equally well. For instance, Beldex (BDX) saw a slight increase but had a negative performance over the past week, falling 9.6%. However, Zano (ZANO) was up by 7.6% over the past seven days, despite a small dip in the last 24 hours. Overall, privacy coin market capitalization increased by more than 21% to $10.3 billion on September 25, far outpacing the broader cryptocurrency market.
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