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

Zcash has recently surpassed Hyperliquid in market capitalization, signaling a potential shift in the privacy-coin sector. This rise not only challenges established players but also reshapes the dynamics of the market, highlighting the growing importance of privacy-focused cryptocurrencies. As investors and users increasingly prioritize privacy, Zcash's ascent could lead to more innovations and competition in this space.

Zcash is making waves in the cryptocurrency market, recently surpassing a market cap of $10.6 billion and positioning itself among the top 10 cryptos. This surge is largely driven by a growing demand for privacy-focused digital currencies, especially as investors seek enhanced on-chain anonymity. The rise of Zcash not only highlights its competitive edge over other privacy coins like Monero but also reflects a broader trend in the crypto space where privacy features are becoming increasingly valued.

Today, Bitcoin is making a strong effort to maintain its position above $100,000, despite a week filled with volatility due to U.S. government shutdown concerns and broader economic uncertainties. Traders are noticing a pattern of higher lows on the charts, which many interpret as a bullish indicator. This situation is particularly significant as it could lead to a rally in the cryptocurrency market, prompting discussions about the best cryptocurrencies to invest in right now.

Zcash has made a significant leap into the top-20 cryptocurrency list, reaching a price of $600 for the first time since 2018. This milestone is important as it reflects growing investor confidence and interest in privacy-focused cryptocurrencies, which could lead to increased adoption and market stability. The rise of Zcash may also encourage other cryptocurrencies to innovate and improve their offerings.

ZEC and DASH are leading a significant rally in the privacy coin sector, contributing to an overall market cap increase of 8%, reaching $26.6 billion. This surge highlights growing interest in privacy-focused cryptocurrencies, which are becoming increasingly relevant in today's digital landscape where privacy concerns are paramount. Investors are taking notice, and this trend could signal a shift in how cryptocurrencies are perceived and utilized.

Zcash, a privacy-focused cryptocurrency, is experiencing a significant resurgence in 2025, thanks to renewed support from industry experts and influencers. This backing has propelled its native token to multiyear highs, highlighting the growing interest in privacy solutions in the crypto space. This comeback is important as it reflects a shift in market sentiment towards privacy-centric technologies, which could influence future developments in the cryptocurrency landscape.

Zcash has made headlines by soaring past the $500 mark for the first time since January 2018, following an impressive 250% rally in just one month. This surge highlights the growing interest in privacy coins among investors, suggesting a potential breakout towards $600 could be on the horizon. The rise in Zcash's value not only reflects its increasing popularity but also indicates a broader trend in the cryptocurrency market, making it a significant development for both investors and enthusiasts.

On November 6, the global crypto market cap saw a 1.96% increase, reaching $3.43 trillion, as traders reacted positively to signs of stabilization after last week's downturn. Bitcoin's price rebounded above $103,000 with a modest daily gain of 1.37%, while XRP rose by 2.36%. ZCash experienced a significant surge of 20%. This recovery is crucial as it indicates a potential turnaround in market sentiment, which had been cautious, reflected by the Fear & Greed Index.