Crypto Coins Surge: DASH, Zcash, and Internet Computer Gain Momentum
Crypto Market Sees Notable Gains
In a remarkable turn of events, several cryptocurrencies, including Zcash, Internet Computer (ICP), and DASH, have experienced substantial gains. Zcash has increased by 20% in the last 24 hours, while ICP surged by 35%. DASH leads the pack with a 60% rise in a single day and an extraordinary 170% over the past week, offering a glimmer of hope in a challenging market environment.
Despite these gains, the overall market remains under pressure, with a crypto crash causing a 4.42% decline in the past day and a 17% drop over the last month, amid rising liquidations and uncertainty.
DASH's Exceptional Performance
The price of DASH has soared to $136, marking a 290% increase this month. This surge is largely driven by the growing demand for privacy-focused cryptocurrencies, which prioritize on-chain anonymity and financial autonomy. DASH's recent addition to the decentralized exchange Aster on November 2 has significantly boosted investor confidence and market momentum.
Zcash's Impressive Rally
Zcash has reached $474, continuing its impressive 30-day rally with a 195% increase. This rise is fueled by attention from influential figures like Arthur Hayes and Naval Ravikant, as well as anticipation of a block reward halving in November 2025. These factors have led to a bullish sentiment, causing short sellers to close positions.
Internet Computer's Surge
Internet Computer (ICP) experienced a 30% price surge in the last 24 hours, driven by a technical breakout and clearing of key resistance levels. This rally is supported by ecosystem growth, including AI and DeFi integrations, and subnet upgrades. ICP's trading volume has reached its highest level in 1.5 years, reflecting increased market enthusiasm.
In conclusion, while major cryptocurrencies like BTC, SOL, and ADA face downward pressure, DASH, Zcash, and ICP are gaining traction due to privacy coin popularity, halving anticipation, and ecosystem expansions, respectively.