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Crypto investors are rotating to privacy tokens, making them among the best gainers in the industry. Dash(CRYPTO: DASH) token jumped to $73.73, its highest level since January 20.
Monero(CRYPTO: XMR) rosse to $560 this week, its highest point since January and 85% above the year-to-date low. Zcash(CRYPTO: ZEC), which has become one of the most active privacy token, crossed the $1,000 level for the first time ever. It has soared by 3,460% from its 2025 low, bringing its market capitalization to over $17.5 billion.
According to CoinGecko, all privacy tokens have a market capitalization of over $28 billion. Some of the other top gainers recently are Decred, Nockchain, Firo, YCash, and MinoTari. Most of these tokens have done better than other coins like Bitcoin(CRYPTO: BTC), Ripple(CRYPTO: XRP) and Ethereum(CRYPTO: ETH).
Privacy coins use different technologies to ensure that transactions remain hidden. This is unlike what other coins like Bitcoin, ETH, and USDC do since their transactions are available on a public ledger. Monero conceals sender, receiver, and amount by default using ring signatures and stealth addresses.
Zcash, on the other hand, gives one the option of using shielded transfers or public ledger. The amount of shielded supply has jumped to 4.85 million, its highest level since May this year. It has been in a slow uptrend after bottoming at 4.3 million in July.
A good example of the rising demand for privacy tokens is the Grayscale Zcash ETF(NYSE:ZCSH), which has accumulated over $463 million in assets under management (AUM).
These privacy tokens have also rallied as investors have embraced a risk-on sentiment, with the Crypto Fear and Greed Index jumping to the greed zone of 75. In most cases, Bitcoin and most altcoins do well whenever there is a sense of greed in the market.
A key risk that may affect these coins is that odds that the Federal Reserve will hike interest rates continued rising. These odds jumped after the US published strong jobs dataon Friday, with the economy adding over 162k jobs last month.
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