What is Zcash (ZEC)?

Created in 2016 through a fork of Bitcoin’s codebase, it was developed to support anonymous transactions using zero-knowledge proofs. It employs zk-SNARKs, a cryptographic method that verifies transactions without revealing sensitive information, encrypting the sender, receiver, and transaction amount to ensure financial privacy.

Unlike fully transparent blockchains like Bitcoin, it allows users to choose between shielded addresses for privacy or transparent addresses for audit purposes. This flexibility appeals to both privacy advocates and regulated institutions.

For a more detailed analysis, read: How High Can Zcash Price Go in November?

Why is Zcash (ZEC) Rising?

ZEC has surged over 50% in just one week despite the spread of negative news and FUD, drawing the full attention of the market. With this rally, its market capitalization has reached $9.75 million, placing it 13th in the total market cap rankings. Among privacy coins, Zcash now holds the highest market value, surpassing Monero with an impressive annual increase of 1,172%.

The current surge is driven by real-world utility, increased adoption of shielded transactions, and shifting perceptions around privacy in cryptocurrencies. If this trend continues and privacy-focused adoption gains more traction among investors, Zcash could still have room for further growth.

Until recently, Zcash was relatively unknown, trading around the $16 mark, but it now sits near $600. It began its upward movement at the end of September and has since gained more than tenfold in value. From trading below $54 at the end of September, Zcash soared to $748 on Friday — its highest level since January 2018.

Current Market Data

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All Eyes on the SEC For Altcoin ETFs

For crypto investors, the launch of altcoin ETFs has long been one of the most anticipated developments. Despite the SEC’s historical hesitations and strict regulatory stance, industry experts suggest the agency may finally be prepared to give approval to certain well-established projects.

Seyffart’s List of Altcoin ETF Candidates

According to Seyffart, several altcoins appear to meet the SEC’s listing standards. These include Chainlink (LINK), Stellar (XLM), Bitcoin Cash (BCH), Avalanche (AVAX), Litecoin (LTC) and Polkadot (DOT). Each of these projects has proven technical foundations and sufficient trading activity to make the cut.

In addition, long-standing names such as XRP, Solana (SOL), Cardano (ADA), Dogecoin (DOGE) and Shiba Inu (SHIB) stand out thanks to their deep liquidity and well-developed derivatives markets, which strengthen their positions as strong contenders.

The Strongest Trio: XRP, Solana, and Cardano

Among all the potential candidates, Seyffart singled outXRP, Solana, and Cardano as the most likely to secure SEC approval first. Their market maturity, high liquidity, and strong investor interest put them ahead of the pack.

As he emphasized: “The probability of a spot ETF launch is highest for XRP, Solana, and Cardano.”

Ethereum ETFs and the Role of Staking

Seyffart also touched upon Ethereum-based ETFs. He argued that if staking is officially allowed within these products, demand could rise sharply, creating a significant shift in investor appetite for ETH ETFs.

Signs of an “Altcoin Season”

The Bloomberg analyst further noted that the crypto market is already in the midst of an “altcoin season.” However, he warned that this cycle is not identical to previous ones and stressed that altcoin ETFs are unlikely to generate the same level of market impact as Bitcoin ETFs did.

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The post Bloomberg Analyst: The Three Strongest Altcoin Candidates for SEC Approval appeared first on Coin Engineer.

“Bitcoin Dominance Hasn’t Even Sneezed!”

Renowned crypto analyst Matthew Hyland summed up the current dynamic with a bold statement on X (formerly Twitter):

“BTC dominance hasn’t even sneezed and alts are ripping. What do you think happens if it drops from 65 to 45?”

As of the time of writing, Bitcoin Dominance stands at 64.46%, down only 1.5% over the past week. Yet despite this minimal drop, altcoins have posted impressive gains — suggesting that investor interest is rapidly expanding beyond Bitcoin.

Bitcoin Dominance

Are We at the Start of Altcoin Season?

Historically, a noticeable decline in BTC dominance has been used as a signal for the start of an altcoin season — a period where altcoins significantly outperform Bitcoin and take a larger share of the market.

But this time might be different. Altcoins are already seeing major rallies, even as dominance barely dips. This could suggest that fresh capital is flowing into the broader crypto ecosystem, fueling gains across multiple assets simultaneously.

Here are some eye-catching performances from the past 7 days:

• MemeCore (M) skyrocketed by 1,263%, topping the gainers’ list.

• Mog Coin surged 75%.

• Stellar (XLM) jumped over 67%.

• Meanwhile, Ethereum (ETH) rose 17.68%, signaling shifting investor focus toward altcoins and away from Bitcoin dominance.

“Prepare for the Final Easy Altcoins Bull Run”

Adding to the bullish sentiment, Michael van de Poppe, founder of MN Trading Capital, posted on X:

“I assume that we’re about to witness the final easy and biggest bull ever on Altcoins.”

His perspective aligns with data from Santiment, an on-chain analytics platform, which confirmed that the altcoin season has indeed started. According to Santiment:

“As long as Bitcoin holds above the key psychological support around $110,000, traders are likely to continue rotating profits into altcoins.”

So, What Comes Next? Bitcoin Season or Altcoin Explosion?

Despite the ongoing altcoin rally, the Altcoin Season Index from CoinMarketCap still indicates that we’re in a “Bitcoin Season” — currently scoring 29 out of 100.

However, if Bitcoin Dominance begins to fall significantly from its current levels, analysts believe we could see an even more aggressive surge across altcoins in the coming days and weeks.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Altcoins Are Soaring, Yet Bitcoin Dominance Barely Budged! appeared first on Coin Engineer.

The rapid rise of Stellar (XLM) appears to be continuing. The nearest resistance level is currently around the $0.6550 region. If XLM manages to break through this resistance, a new all-time high (ATH) potential could emerge. However, if it fails to surpass this level and faces a rejection, correction movements could be observed.

Possible correction levels are as follows:

• The first support level is around $0.45. If this level is broken, a deeper correction could occur.
• The $0.35 level can be monitored as a stronger support point.

For the uptrend to continue, it is crucial for XLM to break through the $0.6550 level with significant volume and maintain above this region. Additionally, the general market sentiment and Bitcoin’s movements will have an impact on XLM. In addition to technical levels, fundamental factors (such as new partnerships, use cases, or macroeconomic developments) should also be monitored.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post XLM Coin Price Analysis: Stellar on the Rise! appeared first on Coin Engineer.

Coinbase International Exchange received a license from Bermuda in September 2023 to offer perpetual trading services to its customers outside the United States. The exchange also offers perpetual trading for several other altcoins, including Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Stellar (XLM), Polygon (MATIC), Bitcoin Cash (BCH), Celestia (TIA), Injective (INJ), Sei (SEI), Aptos (APT), Filecoin (FIL), Sui (SUI), Polkadot (DOT), Internet Computer (ICP), and Near Protocol (NEAR).

You might like: Galxe Introduced Web3 AI Chat Bot!

According to CoinGecko data: BLAST is up 8.5% in the last 24 hours and is currently trading at $0.0153. ZRO is up 6.3% and is currently trading at $3.95. ZK is trading at $0.149.

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