Privacy Coins Defy Market Slump! ZEC Surges Over 17%
TradingKey – Privacy-focused tokens rallied strongly, with Zcash (ZEC) jumping more than 17% and eyeing a break above $300 this month.
On Wednesday, October 15, the broader crypto market weakened:
- Bitcoin (BTC) dipped 0.34%
- Ethereum (ETH) edged down 0.03%
- Binance Coin (BNB) dropped over 4%
Despite this, the privacy coin sector surged nearly 2%, pushing total market cap to $54 billion. Leading the charge:
- Monero (XMR) rose nearly 4%
- Zcash (ZEC) spiked close to 18%
- Dash (DASH) climbed more than 4%
Top 8 Privacy Coins by Market Cap – Source: CoinMarketCap.
Since early October, privacy coins — especially ZEC — have shown low correlation with Bitcoin and the broader market, often moving in the opposite direction. After a brief pullback, ZEC has resumed its upward momentum and is now on track to potentially break above $300 this month.
ZEC Price Chart – Source: TradingView.
This divergence highlights growing interest in privacy-preserving assets amid regulatory uncertainty and shifting investor sentiment. If momentum continues, ZEC could lead a broader rotation into niche altcoin sectors.
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