Privacy Cryptocurrencies Surpass $62 Billion Market Cap Amid Renewed Interest

Privacy-focused cryptocurrencies are seeing a resurgence, with their total market capitalization surpassing $62 billion for the first time since 2021.
Dash (DASH) and Zcash (ZEC) have notably increased by 75% and 21%, respectively, in the past 24 hours. Their weekly gains stand at over 200% for Dash and 45% for Zcash.
Privacy coins have delivered nearly 80% monthly returns, outperforming the broader crypto market. The rise is attributed to growing demand for transactional anonymity and self-custody.

XMR XMRUSD Monero

Monero (XMR) Poised for Breakout

Monero has rebounded from its $339 support level, currently priced around $346.56, with trading volume up 38% to $230.96 million.
Technical indicators suggest bullish momentum, with RSI at 59.7 and a positive MACD histogram (+1.53), indicating potential movement towards the $361 resistance level.
A break below $339 could pose risks, while sustained volume above $226 million is crucial for validating a breakout.

The revival of privacy coins indicates a shift within the cryptocurrency ecosystem as stricter compliance frameworks prompt a return to decentralization and privacy.
Monero's network stability, rising hashrate, and adoption of shielded transactions strengthen its position as a leader in this sector.
As regulation and surveillance increase, the demand for financial anonymity through coins like Monero, Zcash, and Dash remains strong.