Old coins suddenly To da moon? DASH, ZEC, ICP are all reviving.

Recently, the market has been sluggish, but a batch of “antique coins” has surged against the trend. ZEC has risen 40 times in a month, and funds have started rotating among Privacy Coins—DASH, XMR, and ZK are all riding the wave.

Two Paths of Privacy Coins: DASH takes the pragmatic approach (fast + real merchants), while ZEC takes the idealistic approach (extreme privacy but 90% of transactions come from arbitrage). ZKsync soared 160% directly after a quote from Vitalik Buterin, and then announced a token economic upgrade—shifting towards value capture. In short, the privacy track has become the market's “emotional outlet.”

The storage sector is also making a comeback: ICP once raised $195 million with a valuation of $9.5 billion, peaking at $2800 at its mainnet launch. Now? A market cap of $42 million, from a king-level to dust. However, in the past month, it has risen fivefold, rebounding from $1.86 to $9.84. AR (Arweave) is similar - at its highest in 2021, it reached $90, then dropped to a range of $5-15. This year, it rebounded to $50 due to the launch of the AO mainnet (upgrading from “permanent storage” to “permanent computing”), but it has now returned to $5.

What is the truth? With low liquidity and a lack of new stories, funds begin to “nostalgize”. The rebounds of these old coins are mostly accompanied by pullbacks, and after a brief carnival in the market, calmness is restored. Rather than saying it is a “resurrection”, it is more like a collective tribute from capital when it cannot find new hotspots—a tribute to those times when there was still faith.