Uptober is fueling momentum in the crypto market as prices are rising. Let’s explore the latest crypto updates!
Zcash (ZEC) has surged to $105, representing a remarkable 292% yearly gain and 159% monthly increase, while Google searches for “zcash” and “privacy coins” have reached record highs.
Zcash (ZEC) price analysis
The privacy-focused cryptocurrency has climbed 28 spots in market cap rankings to 64th position with a $1.70 billion valuation, fueled by increased mainstream interest, protocol upgrades, and strong community support.
Read more details here.
Aleo Network Foundation has partnered with Paxos Labs to launch USAD, a US dollar-pegged stablecoin that features end-to-end encryption and privacy protection.
Unlike typical blockchain transactions that display wallet addresses, amounts, and timestamps publicly, USAD encrypts all transaction data to keep user information private and secure.
Read more details here.
AI-driven healthcare and biotech solutions company VisionSys has unveiled that its subsidiary, Medintel Technology, entered into an exclusive partnership framework with Marinade to develop a $2 billion treasury strategy centered on Solana.
According to the announcement, VisionSys AI is going to stake $500M in SOL over six months.
Meanwhile, today, on Oct. 1, Solana is almost 6% up, trading at $219.55.
Bitcoin (BTC) continues its growth today. At the moment, BTC is exchanging hands at $116,589, which means that it has gained over 3% in 24 hours.
The trading volume is also 2.55% up and is currently around $63.77 billion.
The crypto market lost $200 billion late last week, with panic selling pushing the Fear and Greed Index to 28. Meanwhile, whales and institutions took advantage, amassing millions in altcoins. Among the assets that attracted their attention are ETH, AVAX, and ENA.
Market analysts believe October’s ETF deadlines may provide the spark needed to fuel a broader altcoin rally.
More details are available in one of the latest reports published on Coinspeaker.