The privacy coin sector continued its market-defying rally on Nov. 4, with total market capitalization jumping 5.5%, sharply contrasting the broader crypto economy’s downturn. The surge reinforces the emerging “privacy meta” trend that has recently captured investor attention.

Leading the charge was dash ( DASH), which soared 77% in 24 hours to reach $147. The move pushed its market capitalization past $1.8 billion. DASH’s seven-day gains topped 200%, making it one of the best-performing digital assets of the week. The last time DASH traded near this level was in early December 2021. Overall, the coin has surged more than 320% since Oct. 5, when it traded just under $35.

While DASH posted the sharpest spike, Zcash (ZEC) remains the long-term rally leader. A 24-hour gain of more than 20% pushed its price to $477 and briefly lifted its market capitalization to $7.8 billion. At that valuation, ZEC overtook litecoin as the top privacy coin and edged closer to the top 20 digital assets tracked by Coingecko.

ZEC’s performance has sparked both excitement and skepticism, with the coin up an eye-popping 700% since September. Critics warn the rally may be driven by coordinated efforts from large holders seeking exit liquidity from retail investors.

Despite the controversy, bullish sentiment remains strong. Former Bitmex CEO Arthur Hayes is among those projecting a bold future for ZEC, suggesting the privacy-focused coin could break into four-digit territory if momentum continues.

Performance was mixed across other high-cap privacy assets. Decred (DCR) surged to $64 on Nov. 3—nearly double its recent low—before retreating to just under $40. Monero ( XMR), which initially led the privacy coin rally, posted only marginal gains: up 0.1% in 24 hours and 1.2% over seven days.

Meanwhile, Pirate Chain (ARRR), Ergo (ERG), and Tornado Cash (TORN) all registered losses, with ARRR posting the steepest single-day decline of 16.3%, falling to $0.46.

• Why are privacy coins rallying while the broader market dips? The sector jumped 5.5% on Nov. 4, driven by rising interest in the “privacy meta” trend.
• Which privacy coin led the latest surge? DASH soared 77% in 24 hours, pushing its market cap past $1.8 billion.
• How is Zcash (ZEC) performing compared to other privacy coins? ZEC rose 700% since September and briefly topped $7.8 billion in market cap.
• Did all privacy tokens benefit from the rally? No—while DASH and ZEC surged, coins like ARRR and TORN posted steep losses.

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