The post Privacy Coins Extend Rally as Zcash Soars Above $700 appeared on BitcoinEthereumNews.com. ZEC is up 35% on the day, and has gained a whopping 1,700% over the past three months. Privacy-focused cryptocurrencies are suddenly all the rage as traders rotate into assets that offer on-chain confidentiality. The “Privacy” category currently boasts a market capitalization of $29.9 billion, up 16.6% on the day and more than 38% for the week. The sector vastly outperformed the broader cryptocurrency market cap, which is up just 1% on the day, according to CoinGecko. The growth is being led specifically by strong gains in Zcash (ZEC), which is trading around $718, up 35% on the day and more than 1,700% over the past three months. ZEC Chart Analysts say Zcash’s surge reflects a combination of market momentum, growing demand for privacy, and technical upgrades, including the expansion of its shielded pool and wallet features that enable private transactions. “There is real momentum here, but it’s not the old 2017 privacy coin hype,” said Maja Vujinovic, CEO and co-founder of Digital Assets at FG Nexus. “Two things are happening: regulators have tightened KYC everywhere, so people who want privacy are drifting back on-chain, and traders are piling into anything with big upside because liquidity in the big coins is thin.” Vujinovic added that ZEC’s more than 1,700% rise in three months is “not random,” but noted that these coins continue to trade in relatively shallow markets. “This is a mix of real interest and a rotation into neglected assets. If BTC or ETH volatility spikes, these moves can reverse fast,” she said. “Privacy is a real theme again, but this run is still mostly momentum and positioning.” Other analysts say Zcash’s gains also reflect structural factors in the token’s design and privacy features. Jake Kennis, Senior Research Analyst at Nansen, noted that privacy is increasingly viewed as a… The post Privacy Coins Extend Rally as Zcash Soars Above $700 appeared on BitcoinEthereumNews.com. ZEC is up 35% on the day, and has gained a whopping 1,700% over the past three months. Privacy-focused cryptocurrencies are suddenly all the rage as traders rotate into assets that offer on-chain confidentiality. The “Privacy” category currently boasts a market capitalization of $29.9 billion, up 16.6% on the day and more than 38% for the week. The sector vastly outperformed the broader cryptocurrency market cap, which is up just 1% on the day, according to CoinGecko. The growth is being led specifically by strong gains in Zcash (ZEC), which is trading around $718, up 35% on the day and more than 1,700% over the past three months. ZEC Chart Analysts say Zcash’s surge reflects a combination of market momentum, growing demand for privacy, and technical upgrades, including the expansion of its shielded pool and wallet features that enable private transactions. “There is real momentum here, but it’s not the old 2017 privacy coin hype,” said Maja Vujinovic, CEO and co-founder of Digital Assets at FG Nexus. “Two things are happening: regulators have tightened KYC everywhere, so people who want privacy are drifting back on-chain, and traders are piling into anything with big upside because liquidity in the big coins is thin.” Vujinovic added that ZEC’s more than 1,700% rise in three months is “not random,” but noted that these coins continue to trade in relatively shallow markets. “This is a mix of real interest and a rotation into neglected assets. If BTC or ETH volatility spikes, these moves can reverse fast,” she said. “Privacy is a real theme again, but this run is still mostly momentum and positioning.” Other analysts say Zcash’s gains also reflect structural factors in the token’s design and privacy features. Jake Kennis, Senior Research Analyst at Nansen, noted that privacy is increasingly viewed as a…