todayonchain.com

Two Altcoins are Defying Market Odds With a Sustained Rally

BeInCrypto
While Bitcoin consolidated, Filecoin and privacy tokens like Zcash saw significant rallies driven by infrastructure narratives and investor interest.

Summary

While Bitcoin remained range-bound near $100,000, select altcoins, particularly those in decentralized infrastructure (DePIN) and privacy sectors, experienced sharp advances. Filecoin led the surge, jumping over 60%, fueled by its role as a modular data layer for Web3/AI and renewed interest following centralized cloud outages.

Privacy tokens, including Zcash and Dash, also attracted new capital, with Zcash reaching a multi-year high, partly supported by comments from Arthur Hayes noting it as a major liquid holding. Analysts suggest this capital rotation into infrastructure and privacy assets indicates traders are positioning based on clear narrative catalysts rather than waiting for a broader market impulse from Bitcoin's consolidation phase.

(Source:BeInCrypto)