The cryptocurrency market is experiencing a nuanced altcoin season, characterized by selective capital rotation into assets with tangible utility and measurable ecosystem activity. Unlike broad rallies, this trend favors projects with clear use-case narratives, such as scalability, privacy, and payments, driving notable price increases for Starknet (STRK), Zcash (ZEC), and Dash (DASH).
Starknet (STRK) surged approximately 25% in 24 hours, trading near $0.178, fueled by heightened engagement in its Layer 2 ecosystem. This growth coincides with increased bridge inflows and deployment activity, supported by a hackathon that began on November 13, offering $10,000 in prizes. The rally reflects incremental user adoption and Starknet's role in Ethereum's rollup framework, emphasizing scalability solutions.
Zcash (ZEC) rose around 18%, reaching $573, as it leads the privacy sector's recovery. Improved liquidity across key trading pairs and a renewed focus on privacy infrastructure contributed to this uptrend. Privacy tokens like Zcash often attract capital during market uncertainty, with steady miner activity and wallet engagement sustaining momentum.
Dash (DASH) advanced 9% to trade near $73, linked to its payment and remittance use cases. Stable order book depth and reduced slippage indicate real-world transactional activity rather than speculative trading, highlighting Dash's relevance in payment corridors.
This selective rotation underscores a market shift toward fundamentals, with liquidity and participation levels determining the durability of gains. If volume and open interest remain balanced, the trend could persist through November; otherwise, prices may revert to prior ranges.