#binance #hype #zec #near
12/01/26 07:22 UTC-04

The reason behind the record surge of the privacy cryptocurrency XMR has been named

Cryptocurrency Cryptocurrency
Cryptocurrency The reason behind the record surge of the privacy cryptocurrency XMR has been named

Monero (XMR) rose 15.5% in a single day, 33% over the week, and approximately 186% over the past year. This marks the highest level reached by the coin in the last eight years, since its breakout to $542 in January 2018. Monero currently ranks 12th among cryptocurrencies by market capitalization. To enter the top ten largest crypto assets, Monero needs to surpass Bitcoin Cash (BCH) and Cardano (ADA).

Merkle Tree Capital investment director Ryan McMillin explained that the popularity of cryptocurrencies that enhance transaction anonymity and allow users to send and receive assets without revealing their identity is increasing. However, McMillin warned that many privacy coins can be subject to sharp volatility because they are not traded on regulated exchanges.

Recently, Ethereum co-founder Vitalik Buterin called privacy a fundamental human right. Buterin insists that surveillance of people, including monitoring their transactions, violates human rights.

The rise in XMR can also be attributed to a sharp shift of capital away from another privacy-focused cryptocurrency, Zcash (ZEC), which recently experienced a major decline. This was caused by disagreements between the Electric Coin Company (ECC) development team and other members of the Zcash community over governance issues. Following the split, Zcash fell by approximately 25% over the week. ZEC is currently trading at $405, with a market capitalization of $6.6 billion.

See also: "Santiment: weak network growth prevents Solana from rising above $145"

#Price Increase #Monero (XMR) #record

Editor: Yuliya Soroka
Comments

Similar

13/01/26 12:47 UTC-04

Privacy-focused cryptocurrency Monero reaches a new price high

The privacy-focused cryptocurrency Monero reached a new all-time high near $608, following an eight-day rally. XMR prices are now well above the previous resistance zone of $460–$480, which had capped gains for most of 2024.

02/05/26 08:22 UTC-04

Santiment: Dogecoin Whale Activity Reaches a Six‑Month High

On‑chain data from Santiment revealed a sharp rise in large Dogecoin transactions. Within a single day, the network recorded 739 transfers valued above $100,000. Major holders now control 108.52 billion $DOGE, marking an all‑time high concentration.

07/11/25 07:06 UTC-04

Zcash Cryptocurrency Rises 1,400% Since Early Autumn — Who’s Next?

ZEC market capitalization surpasses $10 billion for the first time, placing it 13th among the largest cryptocurrencies. The price of Zcash (ZEC) has reached a new high since January 2018. For the first time in nearly eight years, the coin’s value climbed above $600. Over the past 24 hours, it rose 22%, and since the start of autumn — 1,400% (from $41 to $629).

06/11/25 10:03 UTC-04

Zcash Price Surpasses $500

Over the past 24 hours, the cryptocurrency Zcash (ZEC) has surged by 20.6%. As of writing, ZEC is trading around $520, marking its highest level since 2018.