rivacy coins explode higher. ZEC, DASH, and XVG outpace the market with surprising gains | Credit: Hameem Sarwar
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Key Takeaways
ZEC soared 167%, boosted by Grayscale’s Zcash Trust launch and Naval Ravikant’s public endorsement.
DASH broke above the Ichimoku Cloud, accompanied by bullish BBP signals, and the altcoin is now targeting a breakout above $45.
XVG confirmed momentum with a channel breakout, but fading interest could trigger a decline.
A few weeks ago, they were barely on anyone’s radar. Now, privacy coins are stealing the spotlight.
While mainstream altcoins stumbled and failed to capture momentum, this niche sector has quietly staged an impressive comeback.
Against the odds, cryptos like Zcash (ZEC), Dash (DASH), and Verge (XVG) have surged, outperforming the broader market and climbing to the top of the weekly gainers list.
A closer look at the market cap trends shows a clear theme: nearly every privacy-focused cryptocurrency has recorded notable upticks.
In this analysis, CCN reveals the catalysts behind these surprise rallies and examines what could be next for ZEC, DASH, and XVG.
Zcash (ZEC)
Among the privacy coins, Zcash stole the spotlight this week, soaring 167% in the past seven days. At the time of this press, it trades at $144.77.
According to CCN’s findings, the rally was driven by several factors. Chief among them is the growing narrative that Zcash shares design similarities with Bitcoin (BTC) — but with a built-in focus on privacy.
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This narrative gained major validation when Grayscale announced the launch of a Zcash Trust.
“Grayscale Zcash Trust is open for private placement for eligible accredited investors,” The asset management firm revealed.
However, this sentiment did not end with Grayscale. Naval Ravikant, the Indian-born American entrepreneur and renowned Bitcoin maximalist, further amplified the bullish sentiment.
Ravikant weighed in on X, declaring that “Satoshi wanted privacy,” a comment that many interpreted as an endorsement of ZEC’s mission
“Bitcoin is insurance against fiat. ZCash is insurance against Bitcoin,” He emphasized.
Amid all of this, Zcash’s trading volume briefly hit $1 billion yesterday. Although the volume has dropped from its peak, interest in the cryptocurrency appears to remain elevated.
On the daily chart, Zcash has flashed a golden cross, a bullish signal often regarded as one of the strongest. This formed as the 20-day Exponential Moving Average (EMA) crossed above the 50-day EMA, confirming that momentum has shifted in favor of the bulls.
If this structure holds, ZEC’s price could push higher, first retesting the recent wick at $163.56. A clean breakout above that level could open the door for a rally toward the $250 zone.
However, the bullish case hinges on sustained demand for privacy coins. Should market interest wane, ZEC may struggle to maintain momentum, leaving the price vulnerable to a retracement toward the $110.64 support level.
DASH (DASH)
DASH has rallied 67.40% in the past seven days, riding the same bullish wave that lifted Zcash and other privacy coins.
On X, conversations around privacy-focused assets have surged, fueling optimism that these tokens may be staging a broader comeback.
At press time, the DASH coin trades at its highest level since Feb. 1, after breaking free from the consolidation range that capped its progress for months. Clear signs of buyer dominance accompany the breakout.
On the daily chart, the Bull Bear Power (BBP) has flipped positive, confirming that bullish momentum outweighs selling pressure. At the same time, DASH’s price has moved above the Ichimoku Cloud, signaling that resistance overhead has largely cleared.
If momentum holds, DASH’s price could first surpass the supply zone at $37.17. Breaking this barrier would set the stage for a push toward $42.64, with a highly bullish case projecting further upside to $49.52.
However, the bullish setup would be invalidated if bears outpace bulls at these levels. In that scenario, DASH may slide back to $29.67 support, erasing part of its recent gains.
Verge (XVG)
Verge has exploded nearly 50% in the last 24 hours, shaking off weeks of sluggish price action. On the daily chart, the token has broken out above the upper trendline of its descending channel, marking a significant shift in momentum.
Adding to the bullish case, the Awesome Oscillator (AO) has flipped positive for the first time since Aug. 13, confirming that buyers are regaining strength. This momentum shift could fuel a push toward the $0.010 resistance zone.
If bulls maintain control, XVG could extend its rally to $0.014, unlocking more upside in the short term.
XVG/USDT Daily Chart | Credit: TradingView. However, risks remain. If momentum fades and sellers return, Verge could retreat to $0.0060, erasing part of its explosive rebound.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
