Monero Leads Rally in Privacy Coins, Rising to Two-Year Highs
Privacy-focused cryptocurrencies jumped on Monday after several countries called for access to encryption software.
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Monero, zcash and other privacy coins, a type of digital token that provides users with enhanced anonymity, are surging in cryptocurrency markets.
Privacy coins such as Monero, Dash and Zcash are beginning to show signs of life. The strength of the cryptocurrency market is spreading appears to be spreading to privacy-focused coins. The calm price action of Bitcoin (BTC) often sets up an intense period for altcoins to rally, where several groups of coins can start becoming bullish. One of those segments is the privacy coin segment. For example, Monero (XMR) rallied by more than 50% last week. Meanwhile, Dash (DASH) has more than doubled with a 125% gain while Zcash (ZEC) rallied by 70% during the same period.Monero breaks out of USD....
On May 7, the privacy-centric crypto asset monero captured an all-time high at $515 per unit, as demand for confidential transactions has increased in recent times. Monero has gained more than 190% during the last three months, while a number of other privacy coins like zcash, verge, horizen, and grin have seen significant gains as well. Monero XMR Taps a New ATH Before Most Privacy Coins While cryptocurrencies have been growing wildly in value, the climate of regulation has stepped up a great deal. Governments and blockchain surveillance firms worldwide have been making themselves right....
The recent altcoin price uptrend has injected large amounts of capital into several privacy-centric coins competing with Darkcoin to become the currency of choice for those who wish to engage in both commerce and communication without publicly revealing their identities. At the forefront of this rally is the XCurrency price, but several smaller altcoins such as Shadowcoin have experienced significant price boons as well. XCurrency Leads Privacy-Centric Coin Price Rally. XCurrency is one of many coins vying for the top spot among privacy-centric coins. While Darkcoin currently leads the....
The privacy coins monero and zcash managed to see fewer percentage losses against the U.S. dollar this week, in contrast to crypto assets like bitcoin, ethereum, and solana. Seven-day statistics indicate zcash has lost 5.6% against the USD, while monero dropped by 6.1%.
Privacy Coins Manage to Stave off Some of This Week’s Market Carnage, but Are Still Down 62% Lower Than 9 Months Ago
At the time of writing, the entire market capitalization of all the privacy coins in existence is roughly $5.55 billion. Monero (XMR) leads the pack with a market valuation of around $2.64....