Privacy coins surge 80%: Why Zcash and Dash are back in the spotlight

💡 DMK Insight

Privacy coins are on fire, surging 80% as Zcash and Dash hit multi-year highs—here’s why you should care. This rally isn’t just a fluke; it’s fueled by a combination of factors including a rotation from mainstream assets and the upcoming halving events that often spark speculative trading. Traders are increasingly concerned about transaction privacy, especially in a climate where regulatory scrutiny is intensifying. This trend could lead to a broader shift in capital towards privacy-focused assets, making them a hot topic for day traders and swing traders alike. But don’t get too comfortable. While the momentum looks strong, it’s crucial to watch for potential pullbacks. Key resistance levels for Zcash and Dash will be critical; if they can’t hold above their recent highs, we might see profit-taking. Keep an eye on the 24-hour trading volume as well—if it starts to dwindle, that could signal a reversal. Overall, the next few weeks could be pivotal, especially with the halving hype in play.