Privacy-focused digital assets such as zcash (ZEC) and monero (XMR) resist the decline of the bitcoin (BTC) and cryptocurrency market.
Currently, most of the digital assets that make up the top 100 by market capitalization are painted red.
However, cryptocurrencies with privacy fundamentals post gains. Zcash, monero, dash (DASH) and decred (DCR) lead these increases, as reflected by CoinMarketCap.
What is driving this niche market? Well, the great performance that zcash has been having since the end of October. ZEC is currently trading above $650, as seen in the TradingView chart below:
The latest news regarding ZEC is that Leap Therapeutics announced a profound shift in its strategy. As CriptoNoticias has reported, this firm changed its name to Cypherpunk Technologies and allocated 50 million dollars to the purchase of more than 203,000 ZECwith the intention of moving towards an ambitious goal: accumulating 5% of the total supply of the asset.
The company will follow a treasury model based on the sale of shares and debt to finance new acquisitions. With a maximum of 21 million ZEC units, the target is equivalent to 1.05 million coins.
On the other hand, we must mention the launch of Zashi CrossPay, a privacy-focused update that allows sending ZEC and 100+ NEAR-compatible assets without exposing metadata. The tool enables direct payments from ZEC without the need for exchanges, improving security and confidentiality for users.
Finally, it is worth highlighting that ZEC’s rally not only sparked the interest of investors, but also miners. The current profitability of the network once again brought into play teams based on the Equihash algorithm, which now top the ranking of the most profitable on the market.