Bonk Guy: This cycle is the 'privacy cycle,' and the privacy protocol MASK is undervalued.

October 21 - Well-known trader Bonk Guy posted that the current market is showing characteristics of a "privacy cycle." He stated that since yesterday, Bitcoin has risen about 3%, ZEC has risen 16%, and its market cap has increased by more than $3 billion.

He said that MASK's current market cap is about $26 million, and the protocol's trading volume and fees continue to hit all-time highs. Citing DefiLlama data, he said that MASK ranks first among privacy protocols by revenue, with revenue exceeding the combined total of the next 10 privacy protocols. By comparison, ZEC's newly added market cap over the past 24 hours is about 115 times MASK's entire market cap.

Bonk Guy also said that with its deployment on Solana set to go live in a few days, this is expected to further drive growth in usage, trading volume, and fees. He continued to call MASK the most undervalued privacy protocol in the crypto market.