Privacy Coins Are Back in Focus: Is This Just the Beginning? $ZEC has been leading the move, with the privacy narrative gaining momentum after the launch of the first U.S. spot Zcash ETF and continued interest around Zcash’s network upgrades. That strength is also starting to spill into smaller privacy plays as traders rotate into higher-beta names. One I’m watching closely is $ZAMA. It has been showing strong momentum alongside the broader ZEC-led privacy narrative, with trading activity picking up significantly in recent sessions. For me, the bigger question is whether this is just narrative-driven rotation or the beginning of a longer-term privacy trend. I’ll be watching volume, liquidity and whether the sector can hold its breakout levels before getting too aggressive. If you’re looking to trade the privacy narrative, $ZEC , $NEAR and #ZAMA are all available on Bitget.