Altcoins today: privacy tokens add $1.7B as Zcash and VEIL soar up to 40%
Privacy-focused cryptocurrencies have gained traction, adding approximately $1.7 billion in market value despite a broader decline in the digital currency market. The global crypto market cap fell 2% to $4.16 trillion. Zcash (ZEC) surged 32% to $187, while VEIL rose over 40%. The Ethereum Foundation has launched a "Privacy Cluster" initiative to enhance privacy features across its network, indicating a renewed focus on privacy in the crypto space. The future of privacy tokens remains uncertain, but their current performance highlights a significant shift in market sentiment.
