Crypto
Decred (DCR) Skyrockets Over 150% During Privacy Coins Surge
Decred (DCR) leads the privacy coins rally with an over 150% surge on November 4. The surge in privacy coins sector is reflected in the increased market cap and trading volume.
225d ago 4,280
Key Points
- Decred (DCR) leads the privacy coins rally with an over 150% surge on November 4.
- The surge in privacy coins sector is reflected in the increased market cap and trading volume.
Decred (DCR), a digital asset designed to evolve over time based on the input of coinholders, is the top performer in the privacy coins sector with a significant surge of over 150% on November 4.
This surge comes after DCR was recently recognized as a privacy coin by CoinMarketCap.
DCR Price Soars
At the time of writing, DCR is valued at more than $51.6, marking an increase of over 150% in the past 24 hours.
The current market cap of DCR is over $881 million, and its 24-hour trading volume is close to $160 million, which is a rise of more than 1,172%.
On November 3, DCR started its surge from $20 levels, reaching a peak of over $65 and a market cap of over $1.12 billion earlier today.
The Decred team announced on X that CoinMarketCap has finally recognized the digital asset as a privacy coin.
This recognition highlights the project’s features, such as non-custodial mixing done P2P with post-quantum encryption, allowing the mixing of coins while staking, and offering privacy and governance in a single action.
DCR is the top performer among privacy coins on CoinGecko, followed by DASH and PIVX.
Privacy Coins Sector Rally
Data from CoinGecko reveals that the market cap of the privacy coins sector has risen by over 3.7% in 24 hours, surpassing $25.8 billion, with a 24-hour trading volume of over $5.86 billion.
PIVX, Zcash, and Firo are the top three trending coins with gains between 60% and 13%.
Zcash is now the leader of the sector in terms of market cap with over $7.7 billion, a rise of over 20% in 24 hours.
DASH is also experiencing a rally, up by 70% today, with a market cap of over $1.69 billion, right behind XMR, which has a market cap of over $6.3 billion.
On November 4, Binance announced new trading pairs DASH/USDC and ZEC/USDC on its spot and trading bots services set to commence on November 5th.
This announcement indicates that the exchange will open trading for these pairs at 08:00 (UTC) the following day.
The recent rally in the privacy coins sector suggests a renewed importance of privacy amidst a generally volatile crypto market.
