The price rally is largely seen as speculative, with capital rotating from larger, older privacy coins like Monero and Dash. The market capitalization grew from $20 million to over $130 million in a single month.

Codebase Updates: Recent codebase upgrades, including the Rusk Virtual Machine and the DuskDS Layer-1 launch in late 2025, focused on EVM compatibility, scalability, and preparing the infrastructure for institutional use cases.

Analyst Outlook: While the fundamental narrative is bullish due to real-world partnerships and a unique regulatory-compliant approach, technical indicators like the Relative Strength Index (RSI) show the coin is extremely overbought, suggesting caution for new buyers.

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