Crypto NewsNewsZcash (ZEC) Loses Its Throne: The Forgotten Altcoin Returns to the Top

Zcash (ZEC) Loses Its Throne: The Forgotten Altcoin Returns to the Top

The competition among privacy altcoins has reignited. The oldest of the old guard has once again reclaimed its position at the top.

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According to CoinGecko data, Monero (XMR), a prominent privacy-focused cryptocurrency, has outperformed the overall market trend, gaining over 100% in value over the past year.

XMR’s market capitalization has reached approximately $8 billion, approaching its all-time high of around $8.6 billion seen in May 2021.

The relative weakening of Zcash (ZEC) during the same period led to Monero regaining its title as the largest privacy coin by market capitalization.

A graph showing the change in XMR price over the past year.
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According to current data, Monero (XMR) is trading at $429 and leads the list with a market capitalization of approximately $7.9 billion. Zcash (ZEC) is in second place with a price of $392 and a market capitalization of approximately $6.46 billion. This shows that Monero has once again taken the lead among privacy coins.

Other leading privacy-focused projects include Beldex (BDX) with a market capitalization of approximately $675 million, Dash (DASH) with a value exceeding $500 million, Decred (DCR) with approximately $291 million, and MimbleWimbleCoin (MWC) with around $258 million.

*This is not investment advice.

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