Key Takeaways
Starknet’s STRK token jumped nearly 35 percent over the past 24 hours to reach an intraday high of $0.061, part of a wider market rotation into privacy-focused cryptocurrencies.
The move was accompanied by a 400 percent spike in daily trading volume, CoinGecko data shows, pushing STRK’s gains to 71 percent over the past month.
The rally sees Starknet joining strong weekly performances from established privacy coins like Zcash (ZEC) and Dash (DASH), which have advanced 63 percent and 40 percent, respectively. Zcash traded above $571 on Friday, retesting a key supply zone near $600.
The collective surge suggests a renewed market focus on privacy and security, specifically the growing threat of quantum computing. The narrative is being led by Zcash, which recently announced plans for post-quantum wallet readiness.
The rally in privacy-related tokens comes as Zcash developers prepare to address the mounting threat of quantum attacks. Josh Swihart, founder and CEO of Zcash Open Development Lab, said at the Consensus Miami conference that quantum-recoverable wallets are set to roll out within a month. The network is targeting full post-quantum status within 12 to 18 months, positioning it ahead of many larger cryptocurrencies in the race for quantum resistance.
This technical roadmap has been bolstered by institutional interest. Zcash has surged more than 73 percent over the past 30 days, with momentum attributed to Multicoin Capital’s disclosure of a “sizable” investment in the token. The firm’s co-founder, Tushar Jain, called it a “return to the cypherpunk ideals crypto was founded on.”
Adoption of Zcash's privacy features appears to be growing alongside its price. The network’s shielded pool, which contains fully private ZEC, now holds 30 percent of the circulating supply — an all-time high, according to Swihart.
While Starknet is not traditionally classified as a privacy coin, its technology, based on zero-knowledge proofs, shares cryptographic principles with privacy-focused projects. The token's recent inclusion in the privacy coin rally suggests traders may be betting on its potential in a market increasingly concerned with quantum security.
This article is for informational purposes only and does not constitute investment advice.
