ZEC has surged by 472% since Naval's Shill, and the Privacy Token sector has risen in sync

On November 1st, based on HTX market data, the privacy coin ZEC is currently trading at $420, with a 24-hour increase of 17.3% and a 7-day increase of 52%. Its rally started when the prominent Silicon Valley angel investor Naval stated on October 1st that "ZCash is insurance against Bitcoin", and the price has surged by 472% since his endorsement. The co-founder of BitMEX, Arthur Hayes, has also been actively promoting ZEC. On October 30th, he said, "Nothing can stop this train. ZEC will rise to $10,000." Yesterday, he reiterated his bullish outlook with a price target above $400. Along with ZEC's continuous rise, the total market capitalization of the privacy coin sector has reached $22.7 billion, with a 7.3% increase in the last 24 hours and a trading volume of around $2.4 billion. The standout performers among privacy coins are as follows: Dash is currently trading at $55.43, with a market capitalization of approximately $692 million and a 24-hour increase of 22.2%; XMR is currently trading at $331.6, with a market capitalization of around $6.12 billion and a 24-hour increase of 3.6%; LTC is currently trading at $95.49, with a market capitalization of approximately $7.29 billion and a 24-hour increase of 2.2%.