Decred (DCR) is the leader of the privacy coins’ rally on November 4. After being recently listed by CoinMarketCap as a privacy coin, DCR is the top gainer of the sector with an over 150% surge today.
Decred (DCR) is a digital asset designed to last and evolve over time based on the input of coinholders, according to the project’s X notes.
DCR Price Surges
At the moment of writing this article, DCR is priced above $51.6, up by over 150% in the past 24 hours. DCR’s current market cap is over $881 million, and the 24-hour volume is almost $160 million, up by more than 1,172%.
DCR debuted a surge from $20 levels on November 3, reaching a top above $65 and a market cap of over $1.12 billion earlier today.
The team behind Decred said on X that CMC has finally listed the digital asset as a privacy coin, highlighting that the project offers non-custodial mixing done P2P with post-quantum encryption, allowing the mixing of coins while staking, and offering privacy and governance in a single action.
DCR is a top gainer in terms of privacy coins on CoinGecko, followed by DASH and PIVX.
DCR’s price surge comes amidst a rally in the privacy coins sector.
Privacy Coins Surge
According to data from CoinGecko, the privacy coins sector’s market cap is up by over 3.7% in 24 hours, surpassing $25,8 billion with a 24-hour trading volume of over $5,86 billion.
PIVX, Zcash, and Firo are the top three trending coins with gains between 60% and 13%.
Zcash is now the leader of the sector in terms of market cap with over $7,7 billion, up by over 20% in 24 hours. DASH is also rallying, up by 70% today, with a market cap of over $1,69 billion, right behind XMR, which has a market cap of over $6,3 billion.
Binance Will Open Trading for DASH/USDC and ZEC/USDC
Zcash (ZEC) and Dash (DASH) have seen price rallies recently, and today, November 4, Binance announced the following new trading pairs on Binance spot and trading bots services set to begin on November 5th: DASH/USDC and ZEC/USDC.
The exchange will open trading for these pairs tomorrow at 08:00 (UTC).
Amidst a generally volatile crypto market, privacy is becoming important again, as shown by the latest rally in the sector.
