Starknet, Zcash, and Dash Make Gains in Selective Altcoin Season

Amidst a fluctuating altcoin market, certain cryptocurrencies, particularly Starknet, Zcash, and Dash, have shown notable gains. This article explores their recent performance, factors contributing to their rise, and the overall trends in altcoin trading.

Key Takeaways

Starknet has seen a 25% increase in value in the last 24 hours, driven by growing user engagement and application activity on its platform.
Zcash's price has risen approximately 18%, supported by a focus on privacy features and consistent market participation.
Dash has improved by 9%, with its success linked to increased activity in payment corridors and remittance systems.
The current market favors altcoins with robust ecosystems and consistent trading dynamics rather than short-term speculation.

altcoin season

Starknet's Growth in Layer-2 Activity

Starknet is trading around $0.178, marking a rise of about 25% within 24 hours, with increased trading volume across various exchanges. This surge aligns with growing interest in Starknet-based applications and significant bridge inflows, indicating user growth and ongoing development within its ecosystem.

The recent hackathon, which began on November 13, has raised awareness for Starknet, yet the increase in trading appears to be primarily driven by consistent user activity and participation in layer-2 solutions.

When transaction fees on major blockchain networks rise, attention often shifts toward scaling solutions that can efficiently handle increased transaction flows, a role Starknet is well-positioned to fulfill, especially following a series of updates that enhance its integration within Ethereum’s rollup infrastructure.

The continuation of this upward trend will rely on maintaining distributed trading volume across multiple platforms and ensuring that open interest builds alongside cash trading, highlighting balanced market participation instead of momentary enthusiasm.

Zcash's Continued Privacy Recovery

Zcash is currently priced near $573, having climbed roughly 18% within the last 24 hours. This upward trend has persisted throughout November, with trading activity spreading across multiple exchanges and price support forming near prior consolidation levels, suggesting a sustainable market presence.

Zcash Price (Source: CoinMarketCap)

The heightened interest in privacy infrastructure and increased engagement in wallets has bolstered ZEC’s momentum. Additionally, consistent mining and improved liquidity in core trading pairs have led to steadier trading conditions.

Privacy tokens like Zcash often experience upticks when other sectors face challenges, with Zcash’s liquidity profile allowing for a steady rise even during times of reduced market risk appetite.

Dash's Growth Linked to Payment-related Activity

Dash is presently trading around $73, reflecting a 9% increase in the last 24 hours. This rise builds on the previous week’s performance, characterized by a steady increase in daily trading volume. The cryptocurrency’s success is often associated with activity in payment corridors and interest in systems supporting remittances.

Recent data demonstrates a stable depth in the order book and a resurgence in two-way market participation, both of which contribute to a solid price structure for Dash.

The trading pattern appears orderly, with consistent transaction volumes across various platforms and lower slippage compared to earlier in the month. These factors typically indicate renewed activity in merchant services or peer-to-peer transactions rather than speculative trading surges.

Understanding the Rotation of Altcoin Season

The current trends in these three cryptocurrencies illustrate how selective interest shapes the later stages of the altcoin season. Starknet is appealing due to its scaling capabilities, Zcash stands out for its privacy features, and Dash remains relevant through ongoing transactions. Each of these coins enjoys liquidity conditions sufficient for supporting sustained trading activity, rather than isolated spikes.

The overall durability of these trends hinges on whether the balance between participation and liquidity can be maintained. Should trading volumes continue to be well-distributed and if open interest aligns with cash activity, altcoin rotation might persist into November. Conversely, if conditions change, prices may revert to familiar ranges until another catalyst emerges to drive market movement.