Communication-related tokens have surged over 18 percent in the last week, post-obit in the footsteps of Zoom and other telecommunications stocks.

Increase in the remote workforce

During tumultuous times, investors are eager to find assets that can provide shelter or a hedge from volatility. For many decades, this usually meant either aureate or gold mining company stocks, since they tended to have a negative correlation with the rest of the market.

Over the concluding decade, many accept been prophesying Bitcoin (BTC) as the "new gold". During the recent crisis, however, investors have turned to the telecommunication stocks, with some Capital Hill investors ending upward in hot water.

Source: CryptoSlate

The motivation behind this convergence between traditional and crypto investors in the telecommunications sector seems obvious — the expectation that an increase in the remote workforce volition create greater demand for these services.

Need for privacy

Status (SNT), an Ethereum-based privacy messenger that is not included in CryptoSlate'due south Communications sector, has gained 77% since the March 12 bloodbath.

Source: Cointelegraph, Coinmarketcap

Johnny Zerah, head of marketing at Status, shared with Cointelegraph that currently, the second most pop public aqueduct on Condition is dedicated to the coverage of Coronavirus effectually the world He noted that:

"In these times, it's important for people to have admission to the information that doesn't simply come from the regime sources".

This supports the thesis that the general public, and crypto customs in particular, are growing weary of what they perceive as attempts past governments to increase surveillance under the guise of coronavirus protection.

When it comes to Status messenger, investors may be betting on these fears. This as well coincides with the strong performance of Basic Attention Token (BAT) which is the utility token of the privacy-preserving Brave browser.

Only time volition tell whether these bets will pay off long-term.