Yesterday, the cryptocurrency market experienced a significant correction, with Bitcoin (BTC) falling below the key $106,000 level and Ethereum (ETH) dropping below the $3,600 mark, putting widespread pressure on market sentiment.
However, amidst this overall downturn, the privacy coin sector bucked the trend, with several projects rising sharply and becoming a bright spot in the market.
Specifically, major privacy coins all recorded significant gains: Dash strongly broke through $123, with a 24-hour increase of 23%;
ZEC also performed strongly, breaking through $449, rising 7%;
DCR performed particularly well, breaking through $34, surging 79%, leading the sector;
PIVX steadily rose above $0.3, with a gain of 20%;
ZEN also performed steadily, breaking through $21, with a gain of 18%.
Amid a general correction in mainstream assets, the collective strength of privacy coins may reflect increasing market focus on transaction anonymity and data protection, and also indicate investors' active pursuit of value opportunities in this niche sector.
Whether privacy coins can maintain their independent performance as the regulatory environment and market demand evolve warrants further attention.