Privacy Coins Take Plunge: Zcash, Dash Lead Downward Trend

Privacy coin investments are facing significant losses as investors react to a general downturn in the cryptocurrency market. Data indicates that over 90 out of 104 privacy coins are currently trading in negative territory. A 25% drop for Zcash (ZEC) and a 15% dip in Dash (DASH) have led the way in losses within this space. Other notable declines include Canton Network (CC), Monero (XMR), and Beldex (BDX). Analysts attribute the price drops to risk-off sentiment, as investors pull back from volatile assets like cryptocurrencies.