Google Searches for ‘Privacy Coins’ Hit Record High on August 20
Interest in privacy solutions, including privacy-focused cryptocurrencies, is increasing globally. Bitcoin initially attracted cypherpunks due to its pseudonymous accounts but lost this allure with advanced chain analysis tools. Recent data from Google Trends shows searches for "Privacy Coins" reached an all-time high of 98 points on August 20, contrasting with a decline in "alt season" searches.
- Vlad, host of the Bitcoin Takeover podcast, predicts a significant shift towards financial privacy.
- Many long-time Bitcoin users are exploring privacy coins such as Monero, Zcash, Zano, and Beam.
Metrics: Shielded Zcash and Price Analysis
The total supply of shielded ZEC reached over 3,645,047 ZEC (approx. $140 million) on August 20, representing 22.32% of its total supply, indicating rising demand for privacy features.
- ZEC price increased by 10.2% in the last 24 hours.
- Monero's price decreased by 7.4% amid challenges related to mining attacks.
Other privacy-enhancing technologies gaining traction include VPNs like Mullvad and Nym, the Brave browser, and projects like Railgun for Ethereum.
