Zcash surges over 2,200% as privacy coins outperform broader crypto market

Zcash market-cap ranking jumped from 82nd to 10th, with its value increasing by more than 2,200%, according to CryptoPotato reporting. Glassnode found that privacy is the only sector that has moved above its October peak after gaining 213%, while every other sector remains below its level, ranging from DeFi at 27% lower to Gaming at 74% lower. The privacy sector's market capitalization increased from $7.1 billion a year ago to $33.6 billion today, with nearly half of that increase occurring during the past 30 days. Zcash now represents 62% of the privacy sector's total capitalization. Monero doubled over the same period, though ZEC remains the dominant contributor to sector gains.