TrustStrategy, a global blockchain analytics and infrastructure platform, has released a new report highlighting the remarkable resurgence of privacy-focused cryptocurrencies in October 2024. The rally follows a wave of relistings on Binance, one of the world’s largest digital asset exchanges, which has reinstated seven major privacy coins after a multi-year hiatus.

According to TrustStrategy’s market intelligence dashboard, these seven tokens have collectively surged over 120% month-to-date, outperforming the broader crypto market and reigniting investor interest in decentralized privacy solutions.

Key Highlights

• Seven privacy coins relisted on Binance in early October

• Average price increase of 120% across the group

• Monero (XMR), Zcash (ZEC), and Dash (DASH) lead the rally

• Daily trading volume for privacy coins up 240% since October 1

• TrustStrategy Privacy Sentiment Index rose to 81/100, highest since 2021

This surge reflects a renewed appetite for privacy-preserving digital assets, especially amid growing concerns over surveillance, data monetization, and centralized control.

The Relisting Wave: A Turning Point

Binance’s decision to relist privacy coins marks a strategic policy shift, following years of regulatory pressure that led to delistings across multiple jurisdictions. The newly relisted tokens include:

1. Monero (XMR)

2. Zcash (ZEC)

3. Dash (DASH)

4. Horizen (ZEN)

5. Firo (FIRO)

6. Verge (XVG)

7. Decred (DCR)

TrustStrategy analysts note that the move was likely influenced by improved compliance frameworks, enhanced transparency tools, and growing institutional demand for privacy-layered assets.

Market Performance Snapshot

These gains have reversed multi-year downtrends, with several tokens reclaiming key technical levels and attracting new liquidity from both retail and institutional participants.

Why Privacy Coins Are Back in Focus

TrustStrategy’s research attributes the rally to several converging factors:

• Rising global surveillance concerns and digital ID mandates

• Increased censorship of financial transactions

• Renewed interest in self-custody and peer-to-peer finance

• Technical upgrades across privacy protocols

• Binance’s relisting as a liquidity catalyst

The platform’s sentiment analysis shows a sharp uptick in social media mentions, GitHub activity, and wallet downloads for privacy coins since the start of October.

Regulatory Landscape and Compliance

While privacy coins have historically faced scrutiny, TrustStrategy notes that regulatory attitudes are evolving. Several jurisdictions now recognize the legitimate use cases of privacy technologies, especially for:

• Financial confidentiality

• Enterprise data protection

• Human rights and civil liberties

Binance’s relisting was reportedly accompanied by enhanced monitoring tools, including zero-knowledge compliance layers and transaction risk scoring systems, enabling privacy without compromising oversight.

TrustStrategy’s Role in Privacy Intelligence

TrustStrategy supports the privacy coin ecosystem with:

• Real-time token analytics and price tracking

• Privacy protocol benchmarking tools

• Sentiment and volatility dashboards

• Cross-chain privacy asset monitoring

These tools help users, developers, and institutions navigate the evolving privacy landscape with confidence and clarity.

Looking Ahead

TrustStrategy forecasts that:

• Privacy coins will outperform Layer 1 tokens in Q4 2024

• More exchanges may follow Binance’s lead in relisting

• Hybrid privacy models (e.g., opt-in shielding) will gain traction

• Institutional-grade privacy solutions will emerge for DeFi and payments

The platform will continue to monitor regulatory developments, protocol upgrades, and adoption metrics to provide timely insights.

Conclusion

With Binance’s relisting of seven major privacy coins, October 2024 has become a watershed moment for privacy in crypto. TrustStrategy believes this resurgence reflects a broader shift toward decentralized, censorship-resistant finance, and positions privacy coins as essential infrastructure for the next phase of Web3 adoption.