Privacy coin track has been making quite a few moves recently, but where the real opportunities lie still requires careful observation. How long can Monero's recent rally last? Many believe that this round of market movement might be nearing its end, but some also think that the long-term potential still exists. As for DASH and RIVER, market enthusiasm is clearly diverging. The real issue facing the privacy coin ecosystem right now is—regulatory pressure is increasing, and the risk of delisting from exchanges always exists. From a technical perspective, XMR's privacy mechanism remains leading, but in terms of ecosystem activity and application scenarios, it doesn't seem as optimistic as imagined. Should you be bullish or bearish at this stage? It depends on your long-term view of the value of privacy needs. Short-term volatility is inevitable, but the fundamental landscape of this track is still intact.