This is a complex question because the crypto market changes very rapidly and the reasons for the price increase of different currencies can vary. However, based on the available information, some of the possible reasons for the price increase of these currencies are as follows:
1. ZEC (Zcash):
Increasing demand for privacy coins: Due to increased regulatory scrutiny, there has been renewed interest in privacy-focused coins, and Zcash is a major beneficiary of this.
Core upgrades and innovations:Significant infrastructure upgrades and governance changes have occurred in the Zcash codebase, such as the launch of Ztarknet Layer-2, which has opened up private DeFi capabilities.
Whale accumulation: Recent reports indicate that large investors (Whales) are absorbing the shares being sold, leading to price increases.
Legal and technical news:The appointment of a new CEO and the adoption of shielded transactions have increased trust.
2. LUNC (Terra Classic):
Massive token burn: The community's aggressive 'burn mechanism', supported by exchanges like Binance, is significantly reducing the circulating supply, which drives the price up.
Social media hype and community activity: Viral items like T-shirts have sparked initial enthusiasm, increasing excitement among retail traders.
Core technical advancements:There is a schedule for upgrades on the network, such as the v2.18 chain upgrade, which is restoring confidence.
3. FLOKI:
Meme coin hype and whale activity: The general trend in the meme coin market and large whales using FLOKI for long-term holding by withdrawing it from exchanges may contribute to price increases.
Fundamental and partnerships: Enhancing its utility through developments like the Valhalla NFT game and FlokiFi DeFi ecosystem.
News related to Elon Musk:In the past, Elon Musk's social media activity has increased the price of FLOKI, although its price largely remains hype-based.
4. CC (Canton Network):
CC clearly mentions Canton Network which focuses on privacy and enterprise solutions. Although its price is also rising, its mentions are fewer, but a possible reason could be:Focus on enterprise solutions: Growing interest in blockchain adoption at the enterprise level.
Privacy-based services: Capitalizing on the general trend of privacy coins.
In short, the reasons for the price increases of these currencies are a mix of token burns, technological upgrades, whale purchases, and growing market interest in privacy-focused crypto.
