Zcash (ZEC) reached an all-time high of 500.20 dollars during trading on November 6, with a weekly increase of approximately 35%, significantly outperforming the broader market. This rally was driven by three main factors: ① The upcoming halving of block rewards set to occur in mid-November, leading to a sharp decline in supply; ② The resurgence of privacy narratives and institutional capital flowing in (Grayscale Trust, long-term whales); ③ Upgrades in technology/products such as Halo 2 and Zashi have caused the percentage of blocked addresses in circulation to exceed 30% for the first time. Technically, many moving averages are in a bullish trend, but the daily RSI is above 80, indicating the possibility of prices dropping to the 450-470 dollars range in the short term before retesting the 594 dollars level. When it comes to privacy coins that have "survived bull and bear markets," besides ZEC, 5-6 projects have established themselves such as Monero, Dash, Decred, Pirate Chain, Beam, and Oasis Network have proven their viability through multiple cycles.