Privacy Coins Rally As ZKsync, Zcash, Decred, Lead Weekly Gains

  • Zcash led the move with a 64% weekly rise to about $625 on $1.8B volume and fresh calls for $750.
  • Decred added triple digits on a wedge breakout, with traders watching $210 next.
  • ZKsync’s token climbed 139% after its new tokenomics model drew in speculators, while sector volume for privacy names rose 5.4% to $7.9B.

Several privacy-oriented and zero-knowledge tokens outpaced the broader market over the past week, led by Zcash (ZEC), ZKsync (ZK), and Decred (DCR). While market leaders Bitcoin and Ethereum continue to disappoint investors, these altcoins are attracting massive attention across social channels.

Zcash Ignites the Rally

Zcash (ZEC) has been the week’s standout performer, soaring over 64% in the past seven days to trade around $625.19. The coin added another 21% in the last 24 hours, supported by over $1.8 billion in trading volume.

The rally was fueled by bullish calls from notable figures including Arthur Hayes, who suggested ZEC could reach $10,000, and analyst Ali Martinez, who flagged $750 as the next resistance to watch.

Zcash is now ranked among the top 15 cryptocurrencies, surpassing Bitcoin Cash (BCH) in market capitalization. Its breakout above $620 has opened doors to even the $1000 price tag.

Decred and ZKsync Follow

Decred (DCR) wasn’t far behind, printing a 108% weekly gain despite a 18% drop in the past 24 hours. The token recently broke out from a falling wedge pattern on the weekly chart, indicating the potential for further upside, possibly up to $210, as per analysts.

Decred’s unique governance model, smooth disinflation mechanism, and hybrid proof-of-stake structure continues to attract long-term believers who view it as a viable “BTC alternative” capable of evolution through on-chain voting.

Meanwhile, ZKsync’s ZK token surged nearly 139% this week, driven by growing excitement around its tokenomics model. The ZK ecosystem’s new “value flywheel” ties transaction fees directly to token buybacks, burns, and staking rewards.

The Broader Privacy Market

Dash (DASH) jumped a staggering 144% this week to $115, while Monero (XMR), the poster child of privacy tokens, rose more modestly by 12%. Oasis Network (ROSE) also climbed 59%, outperforming the broader cryptocurrency market with Bitcoin (BTC) rebounding from the daily low of $100,000.

According to the data from CoinMarketCap, the total volume traded in the privacy sector rose 5.4% to $7.9 billion in the past 24 hours while the market cap shot up 3%, past the $64 billion milestone.

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Source: https://coinedition.com/privacy-altcoins-record-strong-week-as-sector-volume-hits-7-9b/