Altcoins Polymarket. Photo by BeInCrypto Cryptocurrency was built on three pillars: decentralisation, independence, and anonymity, and by the looks of it, the latter of the three is the talk of the town. Over the last few weeks, many privacy tokens have noted a surge in value. BeInCrypto has analysed three such privacy coins for the investors to watch in November, following sharp gains. Zcash (ZEC) ZEC has emerged as one of the best-performing privacy tokens this month, outperforming several major altco ...

Core Insights - Privacy coins are experiencing renewed interest, with traders speculating on a potential "privacy coin supercycle" as several tokens see significant price rallies, including one that surged nearly 350% in 30 days [1] - The resurgence is attributed to increasing regulatory scrutiny on on-chain transparency, prompting traders to seek privacy-focused projects [1] Zcash (ZEC) - Zcash (ZEC) has seen a remarkable price increase of 350%, reaching a four-year high of over $297 before a profit-taking correction of about 18% [2][3] - Despite the recent pullback, ZEC shows potential for further gains, with a bullish divergence indicated by the price forming a higher low while the Relative Strength Index (RSI) made a lower low [3][4] - For ZEC to confirm renewed strength, it must reclaim $246 and close above $297, which could lead to targets of $312 and $342, with an extended target of $438 based on Fibonacci projections [5] - Maintaining a price above $186 is crucial for ZEC's bullish structure, while falling below this level may trigger more aggressive profit-taking [6] Dash (DASH) - Dash (DASH) has gained nearly 83% in the past 30 days, although it has experienced a 24.8% pullback recently due to profit-taking [7][8] - The recent correction in DASH's price may be part of a larger continuation pattern rather than indicating a full reversal [8]

Zcash (ZEC) has more than doubled in price in the past week, as demand for privacy coins climbs during the broader “Uptober” rally. The coin jumped from around $50 to over $130 on October 3, reaching $135.54 at its peak, according to CoinGecko. The latest rally pushed ZEC to its highest level since April 2022, though it remains nearly 96% below its 2016 all-time high of $3,193. Source: CoinGecko Over the past 24 hours, ZEC gained 21.5%, making it the best-performing digital asset among major tokens. On ...