Monero And Zcash Take Off With 15% Gains, Here’s What May Have Spurred The Rally
Privacy coins, Zcash (ZEC) and Monero (XMR), have been outperforming larger cryptocurrencies in the last 24 hours. The sudden surge on the price of these cryptocurrencies seems to be responding to recent developments around the Russia-Ukraine conflict, and the signed of an executive order from the U.S. Joe Biden administration. Related Reading | Monero (XMR) Price Slides As Canada Includes Crypto In Emergencies Act At the time of writing, Zcash (ZEC) records a 11.7% profit trading at $142, while Monero (XMR) records a 15.5% profit trading at $195. These cryptocurrencies have been....
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Zcash and privacy coins could be back in vogue. Two weeks they began moving upwards, following an oppositive sentiment in the market, and scored profits of around 11% for ZEC’s price, and 15% for Monero (XMR). Related Reading | Monero And Zcash Take Off With 15% Gains, Here’s What May Have Spurred The Rally ZEC’s price has returned to move back in tandem with the rest of the crypto market. At the time of writing, ZEC trades north of $160 with a 2.3% loss in the past 24 hours. This rally was driven by a potential demand for privacy coins, as the conflict between Russia and Ukraine....
Both Monero (XMR) and ZCash (ZEC) have surged approximately 8% in the past 24 hours despite stagnation in the Bitcoin price. This latest rally makes the two privacy-focused cryptocurrencies some of the best-performing digital assets of the past day. It appears that this rally is related to news that the U.S. government is targeting encryption. […]
Popular privacy coin Monero (XMR) has been on a rally since the start of 2022. The cryptocurrency appears to be moving on its own as the crypto market trends sideways. Related Reading | Monero And Zcash Take Off With 15% Gains, Here’s What May Have Spurred The Rally Recently, XMR bulls are displaying more strength. At the time of writing, XMR trades at $285 with a 6% profit in 24 hours, a 34% and 50% profit in the last two weeks and 30-days, respectively. As announced by one of Monero’s maintainers via a post, the network will undergo an upgrade on July 16th, 2022, at the height of....
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....
Monero is on the rise, demonstrating a 10% increase over the past 24 hours. Overhyped ZCash however has declined significantly over the past two days, decreasing by 54% yet again. Despite mainstream media attraction and substantial investment involved, it seems as if the market and community have chosen Monero over ZCash as the anonymous digital currency. While the rapid decline in the value of ZCash came as a surprise to some investors, it was expected by the majority of experts and high profile traders in the cryptocurrency investors that have criticized the controversial launch of....