In the Age of Surveillance, Privacy Coins Are Having a Moment

This year, privacy tokens have not only kept pace with but also surpassed the solid performance of several prominent cryptocurrencies under Trump 2.0.

Last Friday's flash crash did not hit privacy tokens like Zcash (ZEC), Monero (XMR), or Dash (DASH) nearly as much as it did for other major tokens and altcoins.

Despite a general market downturn, over the past month, Zcash, Dash and Monero have generated gains of 405%, 110%, and over 6%, respectively. Also, they bounced back quickly following the flash drop last Friday, highlighting the robust buying momentum that persists in pursuing these assets.

According to a new analysis by Milkroad, only two industries have maintained a profit margin in the past 30 days: privacy coins and exchange tokens. Zcash, Dash, and Monero are named as prominent figures in the report's discussion on the revival of privacy coins.

Search volume and media coverage for privacy-focused cryptocurrencies have reached an all-time high, indicating a revival of the "privacy culture" in the blockchain industry.

The recent seizure of $14 billion worth of Bitcoin by the US Department of Justice and the measures taken by Japan to outlaw cryptocurrency-related insider trading are two recent events that have helped stabilize Monero and Zcash.

Zcash Consolidating

Zcash has experienced a remarkable surge of 40% over the last week, currently valued at about $250 per token. During the last 7 days, it peaked at $295 before plummeting to a low of $180 during Friday’s market downturn.

Zcash, a privacy-focused blockchain, has experienced a remarkable surge in its token's value, more than quadrupling over the past two weeks and reaching its highest level in over three years.

This increase is largely attributed to a broader cryptocurrency boom that has favored specific assets while sidelining others.

Zcash has experienced an increase of just over 26%, resulting in a total gain of $170. This follows a surge exceeding 140% in under a week, as reported by CoinGecko's data.

Zcash has stood out in the cautious crypto market since the flash crash.

Data from CoinGlass indicates that this resulted in the liquidation of approximately $2 million in short positions.

An increase in on-chain activity and a renaissance in interest in privacy-focused cryptocurrencies are propelling this growth and reviving the project's profile.

The real question, though, is, could this resurgence be a precursor to a possible ascent to $300, a level not seen since 2021?

The primary element driving Dash's resurgence is the growing public awareness regarding privacy issues. According to experts, privacy coins have demonstrated an impressive average increase of nearly 60%, surpassing the overall market performance.

This renewed enthusiasm for Zcash is attributable to a number of fundamental factors as well as favorable technical analysis.

Unique to this digital money is state-of-the-art privacy technology that makes use of zk-SNARKs. With the growing importance of protecting personal information, this feature is expected to give it a leg up in the market.

In general, privacy coins of good quality, like Zcash, benefit from this favorable macroeconomic climate. The recent influx of capital into exchanges shows that investors are diversifying their holdings beyond the most popular cryptocurrencies.

Consistent protocol improvements and an expanding adoption from users who respect anonymity are driving the steady advancement of the Zcash ecosystem. While other networks may have gotten more attention for their technological developments, this one lays a solid foundation for long-term value growth.

People seeking an opportunity with a good risk-reward profile—minimal risk with substantial upside potential—tend to be drawn to sudden resurgences in historical projects like Zcash.

Dash Hits Key Resistance

About 15 days after the Federal Reserve's decision to lower its benchmark interest rate by 25 basis points, Dash began to rise on October 1.

There was a noticeable enhancement in market sentiment, leading to a surge in altcoin performance. Dash steadily rose to $60, but it has since fallen below $50.

The lowest price the token reached during the downturn was $30, establishing this as the crucial support level to monitor should DASH peak at its current position, which has historically served as a significant supply area.

Dash, along with Zcash, the market leader in privacy coins, is poised to make a big splash in October, even as privacy concerns are at an all-time high. A number of analysts think that Dash may soon hit the $100 mark, or perhaps beyond it. This month, Dash achieved an unprecedented daily trading volume exceeding $600 million.

According to CoinGecko, the present daily volume is consistently between $200 and $300 million, reflecting a tenfold increase compared to the start of the month.

The previous instance of significant volume for Dash occurred in early 2021, when the heightened activity propelled a rally to $400.

This resurgence in trading activity indicates an increasing level of confidence among market participants in the altcoin, which may set the stage for another upward movement, possibly reflecting the rally experienced in 2021.

The accumulating pattern among the top Dash wallets is another positive indicator.

Data from BitInfoCharts shows that the top 100 addresses have increased their Dash holdings from 25% of the entire supply in early 2025 to over 36%, reaching a figure not seen in a decade.

Monero Finds Support

Midway through September, Monero broke out of its downtrend and made it all the way up to $340. Compared to other tokens, the drop that occurred during the flash crash was not as severe.

Nonetheless, the token is currently facing significant selling pressure at $340, establishing this as the critical resistance level to surpass. If Monero surpasses this threshold, there would be minimal resistance preventing it from achieving $400 or more.

Monero’s narrative has consistently reflected a subtle resilience in the face of market fluctuations. The recent decline in price aligns with the established trend: a brief period of volatility preceding a possible rebound.

Currently, the price of XMR is approximately $316.77, reflecting a decrease of 6.26% over the last week.

Nonetheless, in spite of the decline, various indicators imply that surpassing the $400 mark is still within reach.

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