Starknet's price has surged nearly 35% in the past 24 hours, reaching intraday highs of $0.061, with this coming amid a 400% spike in daily volume.

Gains have pushed the STRK token’s price to a robust 71% uptick over the past month, mirroring renewed interest in privacy-focused assets.

Notably, the upward trajectory mirrors strong performances for Zcash (ZEC) and Dash (DASH). The two coins have advanced 63% and 40%, in the past week.

Zcash once again leads the upward momentum in privacy coins, with bulls looking for a decisive breakout above $600 following this week’s retest of the supply zone.

On Friday, ZEC traded above $571 amid news of Zcash’s quantum-recoverable wallets.

With privacy and quantum threats a key narrative in the market, the focus is on wallet-level updates to bolster defenses against future quantum threats.

It is adding momentum to leading projects.

“With the lack of government trust at the moment, the privacy sector has been seeing a boost in interest from retail traders. The crowd is increasingly viewing privacy-focused assets as a hedge against growing surveillance concerns, tighter exchange regulations, and expanding AI-driven data tracking across financial platforms,” Santiment noted.

Starknet has positioned itself with the rollout of post-quantum secure wallets on its mainnet, which went live as the Shinobi upgrade (v0.14.2) launched in April 2026.

This upgrade introduced critical infrastructure for private transactions, enabling shielded assets under the new STRK20 framework.

The release supports privacy-preserving ERC-20 tokens while maintaining DeFi compatibility.

Analysts say these developments could transform Starknet from a high-performance Layer-2 rollup into a privacy-centric engine.

STRK price gained on May 8, amid the project’s post about this milestone

Overall market sentiment is bullish on leading privacy coins.

Apart from this, STRK is benefiting from Starknet's growing traction in Bitcoin DeFi and staking features.

The launch of strkBTC to allow Bitcoin holders to tap into decentralized finance via a secure, shielded environment highlights Starknet’s potential to lead the BTCFi market.

strkBTC goes live on May 12, 2026, and bullish sentiment around the event could cascade into STRK price performance.

The altcoin has jumped nearly 75% from its all-time low in mid-April.

However, bulls remain well off the highs of $0.28 reached in November 2025 and the all-time peak of $3.66 in February 2024.

Technically, STRK exhibits prolonged accumulation, with bears capping a recent upside just above $0.051.

However, the latest surge signals a potential breakout from the range, and $0.060 a key hurdle.

If the privacy narrative persists, $0.093-$0.105 will be a crucial retest zone.

However, a pullback is likely due to widespread profit-taking across altcoins. The scenario could see STRK revisit $0.030.

STRK price hovered around $0.057 at the time of writing.

The post Is Starknet the next big privacy coin after STRK’s 35% surge? appeared first on Invezz

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