Crypto Surge Alert: DASH, ZEC, S, ZEN Rally in Last 6 Hours
DoorDash (DASH) +13.55%
DoorDash Inc., trading on Nasdaq under the ticker DASH, recently saw a positive momentum in its stock price following an upgrade by Wedbush. The firm raised its price target for DoorDash to $270, signaling strong confidence in the company’s growth prospects.
#DASH is primarily known as a leading food delivery platform in the U.S., connecting consumers with local restaurants through its app and website. The recent bullish sentiment is driven by expectations of continued expansion in the delivery market and improved profitability.
Given the upgraded price target and ongoing market optimism, DoorDash’s stock price is likely to continue its upward trajectory in the near term. Investors should watch for quarterly earnings and market conditions that could either support or temper this rally.
Zcash (ZEC) +11.17%
Zcash (ZEC) has experienced notable volatility recently, with a liquidation imbalance spiking 1,374% within 12 hours, impacting its price dynamics. Despite this, a significant whale bet valued at $11.5 million has paid off as the token price surged from an average entry of $446.48 per ZEC.
#ZEC is a privacy-focused cryptocurrency that offers shielded transactions to enhance user anonymity. The project continues to see steady adoption of its privacy features even as hype normalizes, indicating sustained interest from users valuing privacy in blockchain transactions.
Looking ahead, while some analysts predict a potential drop to $200 in the coming weeks, the stable privacy adoption metrics suggest that ZEC could maintain support levels. Price action will likely depend on broader market trends and regulatory developments around privacy coins.
Sonic (S) +10.76%
The Sonic (S) token has faced downward pressure recently, with a 3.30% decline over the last 24 hours linked to investor sell-offs triggered by token unlock events. Historically, these unlocks have caused significant price drops, including one instance of approximately 42.75% decline.
#Sonic operates as a decentralized finance (DeFi) protocol focused on delivering high-performance blockchain solutions. The recent token swap completion on major exchanges like KuCoin has facilitated smoother transactions but also coincided with increased selling pressure.
Given the pattern of price drops following token unlocks and current selling momentum, Sonic’s price may continue to face challenges before stabilizing. Investors should monitor upcoming unlock schedules and market sentiment closely.
Horizen (ZEN) +10.07%
Horizen’s ZEN token surged approximately 12% to surpass $7 amid gains across privacy-focused altcoins like Zcash. This rally coincides with Grayscale’s filing to convert its Zcash Trust into a spot ETF, highlighting growing institutional interest in privacy tokens.
#ZEN powers Horizen’s blockchain platform which emphasizes untraceable transactions and enhanced user privacy. The project aims to provide scalable and secure blockchain solutions while maintaining transaction confidentiality for users.
The recent surge suggests bullish momentum for ZEN as privacy adoption strengthens and institutional products emerge. If this trend continues alongside broader altcoin rallies, ZEN could see further gains beyond current levels.
