Decred (DCR) surged over 40% in the past 24 hours, reaching highs of $29, as the cryptocurrency market sees a rally in privacy coins. The price jump follows the approval of DCP-0013, a proposal to cap treasury spending, which was overwhelmingly supported by stakeholders. This governance milestone has bolstered market sentiment, contributing to Decred's outperformance among altcoins. The DCP-0013 proposal introduces a monthly spending limit of 4% of available funds for Decred's decentralized treasury, reflecting the community's commitment to fiscal discipline and sustainability. The approval, with over 99% of votes in favor, has catalyzed gains amid a broader rally in privacy-focused cryptocurrencies like Dash and Monero. Decred's recent price movement comes after trading in a narrow range for much of 2025, with renewed interest in privacy coins driving the token to intraday highs. The DCR token is up approximately 75% over the past week, aligning with a sector-wide enthusiasm for privacy-enhancing projects.