The privacy coin sector has gone wild! DUSK skyrocketed by 120% in a single day
On January 19, the privacy coin sector in the crypto market suddenly exploded, showcasing a “surge” trend.
Among them, DUSK topped the list with a single-day increase of 124.8%, currently priced at $0.2625, with a 24-hour trading volume exceeding $237 million, becoming the most eye-catching asset of the day.
Not only DUSK, but the entire privacy coin sector is also on the rise: Secret had a single-day increase of 35.2%, the established privacy coin DCR rose by 16.1%, and Dash also increased by 13.3%.
Funds are collectively pouring into this previously relatively quiet sector, making privacy coins the focal point of the market that day.
The explosion of this trend is partly due to market funds seeking new speculative directions during rotation, and partly related to the narrative of privacy coins themselves — amidst tightening regulations, the demand for anonymous transactions continues to exist, and the hedging attributes of these coins are gaining renewed attention.
However, the volatility of privacy coins has always been severe, and BlockBeats also reminds investors: the prices of these coins fluctuate greatly, accompanied by high regulatory and liquidity risks, so risk control should be done when participating in speculation. @阿二说趋势
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