ZEC has surged by 472% since Naval's Shill, and the Privacy Token sector has risen in sync

BlockBeats News, November 1st, according to HTX market data, privacy coin ZEC is currently trading at $420, with a 24-hour gain of 17.3% and a 7-day gain of 52%. Its rally began when prominent Silicon Valley angel investor Naval stated on October 1st that "ZCash is insurance against Bitcoin," with the price surging 472% since his endorsement. BitMEX co-founder Arthur Hayes has also been actively promoting ZEC, stating on October 30th, "Nothing can stop this train, ZEC will rise to $10,000." Yesterday, he reiterated his bullish outlook with a price target above $400.

Alongside ZEC's continuous rise, the total market capitalization of the privacy coin sector has reached $22.7 billion, with a 7.3% increase in the last 24 hours and a trading volume of around $2.4 billion. The standout performers among privacy coins are as follows:

Dash is currently trading at $55.43, with a market cap of approximately $692 million and a 24-hour gain of 22.2%;

XMR is currently trading at $331.6, with a market cap of around $6.12 billion and a 24-hour gain of 3.6%;

LTC is currently trading at $95.49, with a market cap of approximately $7.29 billion and a 24-hour gain of 2.2%.