On Tuesday, monero ( XMR) kept the good times rolling, and among the top ten privacy coins by market cap, everyone except zcash (ZEC) and mimblewimblecoin (MWC) is flashing green with gains.
Privacy Coins Find Their Groove
At press time, around 12:10 p.m. Eastern on Jan. 13, XMR is trading at $661 per coin after briefly touching $692 about an hour earlier.
The top privacy coin by market cap is up 12.5% on Tuesday and has climbed 50.5% over the past week. In fact, nearly the entire privacy coin sector—with one lone exception—has posted strong results over the past week.
Meanwhile, priced at $390 per coin, zcash (ZEC) slipped 3.3% on the day and dropped another 24.2% over the seven-day stretch. That’s a sharp contrast to just a few weeks ago, when ZEC was wearing the crown as the top-performing privacy coin. Dash ( DASH) rose a whopping 47.8% and it’s up 24.1% this week, changing hands for $56.52 per coin.
Beldex (BDX) eked out a 1.3% gain by Tuesday afternoon, while notching a modest 0.3% increase for the week. Decred (DCR) leapt 20% on the day and is up 11% across the seven-day window. At noon, mimblewimblecoin (MWC) was off a mild 0.3%, though it’s still up roughly one percentage point for the week.
Just beneath MWC, horizen (ZEN) posted a 12.3% move on Tuesday and is up 5.7% for the week, while zano (ZANO) popped 17.6% by Tuesday afternoon and has added 5.5% over the past seven days. Verge (XVG) booked a 17.1% advance and chalked up an 18% gain for the week. Lastly, pirate chain (ARRR) blew past the rest of the pack with a 59.4% jump on the day.
Also read:Monero Blows Past Its All-Time Price High as It Eyes a Top 10 Position
ARRR has also climbed roughly 124.9% over the week, trading as high as $0.5637 by Tuesday afternoon. All told, the privacy coin board is wearing a mostly upbeat grin this week, with gains stacked across the majority of the field and only ZEC breaking the main rhythm.
Leadership may be rotating, but the tone is unmistakably optimistic, as buyers continue to favor privacy-focused assets and push several names into clear winning territory. Moreover, XMR is one position away from joining the top ten crypto asset ranks by market cap.
FAQ ❓
- Why did Monero hit a new all-time high? Strong buying interest and sustained momentum pushed monero to a record price during Tuesday’s session.
- Which privacy coins performed best alongside Monero? Pirate Chain led the pack with outsized daily and weekly gains, while several other privacy coins posted solid advances.
- Why is zcash underperforming other privacy coins? ZEC struggled as selling pressure weighed on price, leaving it out of step with the broader privacy coin move.
- What does this mean for the privacy coin market overall? The session reflects renewed appetite for privacy-focused cryptocurrencies, with gains spread across most of the sector.