TL;DR
- Zcash (ZEC) and Dash (DASH) are posting the most significant recoveries in the recent market.
- Renewed interest in privacy coins is driving the performance of these assets.
- Both cryptocurrencies have broken long-term bearish technical patterns, suggesting a trend change.
Constant fluctuation is the main characteristic of this market. Within this framework, two of the oldest cryptocurrencies, Zcash (ZEC) and Dash (DASH), are grabbing headlines by leading the strongest recoveries.
While newer assets struggle to find stability, these “dinosaur coins” (created before 2017) have shown remarkable resilience, driven by a renewed interest in privacy and significant technical breakouts.
The recent rebound of Zcash and Dash is not an isolated event. It is part of what some analysts are calling a “privacy revival.” The total market capitalization of privacy-focused coins has seen a considerable increase, signaling a shift in investor sentiment.
A key catalyst was the endorsement of Zcash by renowned investor Naval Ravikant in early October, which not only sent the price of ZEC soaring but also revitalized general interest in this niche.
Technical Signals and Risk Appetite
From a technical perspective, both Zcash and Dash have broken out of multi-year falling wedge patterns, a signal often interpreted by analysts as an indication of a bullish reversal.
Zcash, in particular, broke through a key resistance zone between $200 and $220, turning it into a new support level. Meanwhile, Dash has managed to reclaim the $50 level for the first time since early 2024.
Furthermore, the extreme oversold conditions in the altcoin market following the crash on October 9-10 created an attractive entry point for investors looking to buy at low prices. The strong rebound of Zcash and Dash was one of the first signs that risk appetite was returning to the privacy sector, leading the recovery and proving that even in a modern market, established projects still have the ability to shine.
