Privacy Coins Lead Rebound: Zcash and Dash Surge Amidst Market Turmoil

The cryptocurrency market saw significant volatility following the October 9th crash, resulting in widespread liquidation of positions. However, privacy-focused coins like Zcash (ZEC) and Dash (DASH) are experiencing a notable rebound. As per recent data, ZEC has surged by over 66% since its Oct. 9th low to reach $246. This represents an impressive increase of almost 350% year-to-date, including a remarkable 230% gain in October alone. Similarly, Dash has rallied over 65%, trading at nearly $50 as of Thursday. This rebound has been attributed to factors like expanding DeFi applications and increasing institutional interest.