2023-4-13 21:31 |
Namada is a layer 1 blockchain for multichain privacy, according to a release provided to CoinDesk. origin »
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Monero price rose 9% to reach to high of $378, the highest level since June. Privacy coins Zcash, Decred also jumped as Bitcoin, Ethereum struggled. The technical picture suggests Monero could rally to a new all-time high amid fresh momentum.
Decred price jumped to highs of $65 before paring gains to a key support level. Gains came as privacy coins Zcash and Dash also spiked to the defy broader market dump. DCR could target $100 next after hitting the four-year highs.
Dash price exploded 44% to near the $50 mark, its highest level since December 2024. Tornado Cash also spiked as tokens like Verge, Decred mirrored the Zcash price. Privacy coins are signalling a bullish comeback as the crypto market embraces older coins.
Dash price jumped 35% to above $38, trending near the key resistance zone at $40. Analysts say breakout is possible but key support remains $26 area. DASH gained as privacy coins Zcash and Monero rose to lead the market gainers.
Separately, France's markets regulator said crypto remains a high risk for money laundering.
Privacy Tokens are known for one distinct feature of protecting users’ transaction addresses, enabling a non-disclosure of identity. Traders who want financial privacy uses these tokens to remain anonymous while dealing with the DeFi sector.