Privacy Coins Surge 80%: Why Zcash And Dash Are Back In The Spotlight

Technical breakouts, derivatives positioning and an upcoming Zcash halving fueled the move.

Zcash (ZEC) rallied to its highest level in seven years, while Dash (DASH) notched a three-year high as trading activity accelerated across major exchanges.

The move reflects a textbook rotation. Prolonged downtrends finally gave way, short positions were forced to cover, and anticipation around Zcash’s upcoming halving provided traders with a renewed catalyst amid a largely stagnant broader market.

That stands in sharp contrast to Bitcoin-style public ledgers, where every transaction is visible and analytics firms can often reconstruct user identities over time.

Did you know? Zcash surged to a seven-year high near $449, posting triple-digit monthly gains as momentum accelerated.

CoinJoin operates through masternodes and must be manually enabled in the Dash Core wallet. Standard transactions remain transparent by default. Users can select how many mixing rounds to run — additional rounds enhance plausible deniability but also increase processing time and network fees slightly.

Technical breakouts: ZEC broke out of a multi-year downtrend and gained momentum once it cleared resistance, lifting peers as trend-following screens lit up.

Derivatives feedback: Open interest and volumes spiked, shorts were forced to cover, and funding flipped. This kind of fuel can turn a sharp move into a sustained leg higher.

Attention and chatter: Bold calls from high-profile traders and headlines about multi-year highs drew new interest and capital into the trade, further boosting sentiment.

With this in mind, let’s take a closer look at each of the protocols mentioned earlier.

Source: CoinTelegraph