The rise and fall of candlesticks themselves are nothing special, but behind this round of collective performance of privacy coins, there are indeed some interesting things worth discussing.

After Monero and Dash, two established privacy projects, took the lead in setting the pace, market funds began to look for opportunities elsewhere. Investors are no longer simply chasing after large caps that have already surged once; instead, they are turning their attention to new faces within the sector that haven't fully taken off yet. The DUSK project happened to seize this opportunity.

What’s most interesting about it is the concept of "auditable privacy." Unlike traditional privacy coins that aim for complete anonymity, DUSK uses technologies like zero-knowledge proofs to default to protecting transaction privacy, while still retaining the ability for authorized traceability—meaning, when necessary (such as during regulatory scrutiny), transactions can be traced. This seems to strike a middle ground between two opposing needs.

Why does this setup seem particularly valuable now? The EU’s MiCA regulations are gradually being implemented, and global regulatory attitudes are becoming clearer. DUSK’s technology, which can both protect privacy and cooperate with regulators, is interpreted by the market as an institutional-level advantage for entry. Plus, its mainnet is already live, and it is collaborating with a certain exchange to promote a real asset tokenization plan exceeding €300 million. These tangible developments add more imagination to the story.

From a trading perspective, this is a typical sector rotation. Funds are flowing out of the leading coins that have already experienced significant gains and are concentrating on smaller market caps with more innovative narratives. But this also means that once the last opportunities within the sector are exhausted, the momentum of the entire sector may begin to decline. The risks at this stage are often underestimated.