A rally across most privacy coins on Nov. 1 delivered a 15% surge to their total market capitalization, pushing the valuation just above $24.3 billion. This performance contrasted sharply with the broader crypto economy, whose market capitalisation grew a meager 0.3%. Leading the charge were Railgun (RAIL) and Dash ( DASH), both of which rose by more than 50% in 24 hours to briefly reach $4.53 and $75, respectively.

The surge delivered a powerful boost to both projects. DASH’s market capitalization momentarily smashed past the $900 million mark, solidifying its monthly performance with 30-day gains hitting 120%. Not to be outdone, RAIL’s momentum was even more explosive, driving its valuation beyond $250 million and pushing its 30-day return past the 300% threshold. This dramatic flow of capital signals a clear and growing trend: investors, seeking greater protection and anonymity, are increasingly rotating funds into privacy-focused assets.

However, despite reclaiming highs last seen in March 2023, DASH was still more than 95% below its all-time high of nearly $1,500 registered in 2017. For RAIL, the latest rally brought it within striking distance of its Oct. 10 high of $5.48.

Meanwhile, Zcash (ZEC), which had jumped 16% just 24 hours earlier, again saw double-digit gains, breaking past the $400 mark. As shown by Coingecko data, ZEC, which recently overtook the privacy coin Monero ( XMR), briefly traded above $440 to push its market capitalization past $7.2 billion. ZEC later retreated, settling around $428, leaving its market cap just above $7 billion.

With 30-day gains of around 270%, ZEC stands out alongside RAIL as one of the best-performing privacy coins in the past month. Other privacy coins with notable 24-hour gains were DCR (12%), XVG(21%), and ANYONE (34%). Monero, which was the second most capitalized privacy coin in September, went up by 4%, while Litecoin’s 3.9% gain helped solidify its status as the number one-ranked privacy coin.

• Why did privacy coins surge on Nov. 1? A broad rally pushed their total market cap up 15% to over $24.3 billion.
• Which coins led the gains? Railgun and Dash jumped over 50% in 24 hours, with ZEC also breaking $400.
• How much did ZEC and DASH gain in 30 days? ZEC rose 270%, while Dash climbed 120% in the past month.
• Are privacy coins gaining global traction? Yes, rising demand for anonymity is fueling investor interest across regions.

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