Fun

Privacy Coin Interest Stays Tepid as Leading Coins Report Modest Gains in 2023

News Feed - 2023-02-09 12:02:08

Privacy Coin Interest Stays Tepid as Leading Coins Report Modest Gains in 2023


Over the past 90 days, the top privacy coins by market capitalization have seen an increase of just over $2 billion, rising from $4.65 billion on Nov. 9, 2022 to $6.69 billion today. However, while crypto assets such as bitcoin and ethereum saw gains of 30% or more in 30 days, privacy tokens like monero and zcash saw more modest increases, with growth ranging from 8.7% to 10.6% in the last month. Top Privacy Coins See Slow Growth as Market Capitalization Increases by a Mere $2 Billion in 90 Days


Statistics show that top privacy crypto assets saw less growth in the past month compared to the top two crypto assets, bitcoin and ethereum. However, one privacy coin, dash (DASH), which is the second largest privacy token by market capitalization, saw a significant increase of 38.7% against the greenback last month. Meanwhile, monero (XMR) saw a rise of 8.7% in value, and zcash (ZEC) increased by 10.6% over 30 days. Currently, the top three privacy coins by market value are XMR, DASH, and ZEC.


90-day statistics show that while monero (XMR) and zcash (ZEC) saw modest gains, the privacy coin economy saw an increase of $2 billion. Three months ago, XMR was trading at $129 per coin and as of Wednesday, it is trading at $168 per unit. Dash (DASH), which was trading at $36.60 per coin, is now changing hands for $65.83. Zcash was trading at $38.37 per coin on Nov. 9, 2022, and as of Feb. 8, 2023, ZEC is trading at $46.90. Although these three privacy coins make up the majority of the collective $6.69 billion in value, some lesser-known tokens have recorded larger gains.


The privacy coin daps coin (DAPS) saw an increase of 884.5% in one week, while phore (PHR) rose by 110.3% against the U.S. dollar in seven days. Other notable privacy coins that saw gains include raze network (RAZE), up 74.3%, axe (AXE), up 32.9%, and cloakcoin (CLOAK), up 31.8% in the past week. Privacy coin (PRCY), however, saw a decrease of 32.3% this week, iridium (IRD) slid by 17.3%, and deeponion (ONION) lost 16.7% against the greenback. Notable 24-hour gainers include horizen (ZEN), up 16%, dusk network (DUSK), up 11%, and digibyte (DGB), up 10.6% in fiat value. Tags in this story $2 Billion, 90 days, Altcoins, Axe, Bitcoin, cloakcoin, crypto assets, daps coin, dash, deeponion, digibyte, dusk network, Ethereum, Feb 8, Fiat Value, Greenback, horizen, increase, iridium, Market Capitalization, modest gains, Monero, notable 24-hour gainers, Nov. 9 2023, phore, PRCY, Privacy, privacy coins, Privacy Tokens, raze network, U.S. dollar, xmr, Zcash, ZEC


What do you think is the future of privacy coins in the cryptocurrency market? Share your thoughts in the comments below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Ethereum Classic’s Hashrate and Price Trend Lower After Ethereum PoW to PoS Transition ALTCOINS | Jan 30, 2023 Stablecoin Economy Sheds Another $3 Billion in 44 Days ALTCOINS | Jan 28, 2023


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBitcoin, Ethereum Technical Analysis: ETH Nears $1,700, Fed Prepared to Maintain Rate Hikes Next articleBiggest Movers: MATIC Moves to 10-Month High, ATOM Extends Recent Gains Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItOman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework


Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)"s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.Tony Hawk"s Latest NFTs to Come With Signed Physical Skateboards Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms

News Feed

FTX Insider Reveals New Document, Musk Catches Flak for SBF Comments, Nobel Prize Laureate Krugman Warns of Eternal Winter for Blockchain — Week in Review
FTX Insider Reveals New Document, Musk Catches Flak for SBF Comments, Nobel Prize Laureate Krugman Warns of Eternal Winter for Blockchain — Week in Review It’s been another
Bitcoin, Ethereum Technical Analysis: BTC, ETH Slip Ahead of US Consumer Confidence Report
Bitcoin, Ethereum Technical Analysis: BTC, ETH Slip Ahead of US Consumer Confidence Report Bitcoin and ethereum were trading lower on Feb. 28, as markets anticipated the release of
Marcel Pechman8 hours agoChina facing deflation may be bad news for BitcoinCointelegraph analyst and writer Marcel Pechman breaks down the Federal Reserve balance sheet and explains why China’s deflation can negatively
UK Cryptocurrency Firms Turn to Equity Funding as ICO Coffers Plunge 70%
UK Cryptocurrency Firms Turn to Equity Funding as ICO Coffers Plunge 70%UK cryptocurrency and blockchain startups are turning focus back to conventional means of raising capital, as
5 Bitcoin Cash Full Node Teams to Raise Funds With the Noncustodial Flipstarter App 
5 Bitcoin Cash Full Node Teams to Raise Funds With the Noncustodial Flipstarter App The creators of the noncustodial funding application, Flipstarter have recently announced there
William Suberg8 hours agoBitcoin traders say BTC price will soon break beyond $31K yearly highsBTC price sideways trading is not dampening the optimism of Bitcoin traders prior to a giant options open interest expiry.312
Marathon site manager ducks Texas noise charges amid resident complaints
Jesse Coghlan4 hours agoMarathon site manager ducks Texas noise charges amid resident complaintsDavid Fischer, manager of a Texas site for Marathon Digital, was acquitted on charges alleging the site violated local noise
Bittensor (TAO) Soars 130% – What’s Behind The Altcoin’s Recent Surge?
Este artículo también está disponible en español. Bittensor (TAO) has been garnering attention for its exceptional performance, surpassing Bitcoin and the broader cryptoc
Meta to let Xbox, Lenovo, Asus build new Quest metaverse hardware
Tristan Greene7 hours agoMeta to let Xbox, Lenovo, Asus build new Quest metaverse hardwareEach company has its own special plans for the Quest mixed-reality device.1039 Total views9 Total sharesNewsOwn this piece of cryp
Citibank Executive Says Bitcoin Will Trade at $318,000 by End of 2021
Citibank Executive Says Bitcoin Will Trade at $318,000 by End of 2021 Citibank Group’s Global head of Citifxtechnicals product, Tom Fitzpatrick expects to
Gold Exceeds U.S. Dollars in Russia’s Reserves as Putin Focuses on De-Dollarization
Gold Exceeds U.S. Dollars in Russia"s Reserves as Putin Focuses on De-Dollarization Russia is now holding more gold than U.S. dollars in its reserves for the fir
Ezra Reguerra12 hours agoBinance CEO refutes report on $250M loan to BAM ManagementChangpeng Zhao said that the loan was the other way around, claiming that he was the one who lent $250 million to BAM Management.2081 Tot