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Zcash Tops Leaderboard in Altcoin Season With 382% Run โ Litecoin, NEAR Participate
Yahoo Financeยท 2025-10-10 17:32
Core Insights - Altcoin season is benefiting tokens with strong momentum and liquidity, with Zcash leading the charge, followed by Litecoin and NEAR [1] Zcash (ZEC) - Zcash is trading at approximately $235, reflecting a 27% increase in 24 hours and a 382% rise over the past month [2] - Analysts attribute ZEC's surge to three main factors: renewed focus on privacy features, institutional access to products, and a sharp breakout that triggered momentum systems and squeezed short positions [3] - Market structure indicates significant turnover during the initial surge, with buyers actively defending reclaimed levels [3] - Growth in shielded activity and new trading pairs for ZEC are contributing to its usage and maintaining steady demand [4] - Future performance depends on sustained participation; if volumes remain strong and prices hold above support levels, ZEC could maintain its leadership [4] Litecoin (LTC) - Litecoin is currently priced around $133, up 13% in 24 hours, following a push towards a resistance band between $135 and $140 [5] - Ongoing discussions regarding ETFs are keeping LTC relevant in allocation conversations during favorable market conditions [5] - Traders are monitoring whether LTC can maintain its position above the breakout band with increasing volume, which would support its continued rotation in the altcoin season [6] NEAR Protocol (NEAR) - NEAR is trading at approximately $3.19, with an 11.7% increase in 24 hours, supported by steady turnover and incremental ecosystem updates [7] - The recent price movement is characterized as a gradual build rather than a sudden spike, suggesting more sustainable participation during the current rotation [7]