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The value of some privacy coins surged last week despite tightening regulations and global bureaucrats scrutinizing the use of cryptocurrencies. Monero is up 13% over the past 7 days, while the coin is secretly up 50%, while Dusk has surged 47% over the past week.
Monero, Secret, Dusk network value soars
This week, a number of privacy-focused cryptoassets posted double-digit percentage gains over the past seven days.According to metrics from coingecko.com listings Privacy Coin Market Cap, these types of assets are worth $12.2 billion.
currency(XMR) had the highest market cap on January 17, 2022, at $3.9 billion.The trading range over the past 24 hours indicates XMR It has been changing hands at $212.45 to $229.66 per unit. Over the past 7 days, Monero (XMR) rose 13% against the dollar. year to date, XMR Shares are up more than 38% since this time last year.
Zcash (ZEC) has the second largest market valuation of privacy coins at $1.6 billion. However, ZEC is down 3.6% in the past seven days of trading. Since this time last year, zcash has gained 24% in value against the U.S. dollar.
Cryptoasset Secret (SCRT) surged 50% in the last week, with SCRT currently valued at around $1.4 billion. Decred (DCR) also managed to increase its value by over 14% in the last week. Dusk Network (DUSK) has jumped more than 47% in value over the past seven days, valuing the market at around $390 million.
30 Privacy-Centric Coins Gain This Week, 8 Privacy Coins Outpace Monero’s Gains
Other notable surges in the value of privacy coins this week came from Bitcoin (BTCZ), Apollo (APL), Veil (VEIL), Masari (MSR), and Bitcoin Private (BTCP). All of the aforementioned privacy coins have posted double-digit gains against the U.S. dollar over the past week.
A total of eight privacy tokens surpass Monero (XMR) 13% weekly gain. However, XMRThe market cap of ZEC accounted for 32.25% of the total value of all privacy coins, while ZEC’s market cap dominated the week at 12.90%.
A total of 15 privacy-focused cryptocurrencies posted double-digit gains this week, while a total of 30 privacy coins posted weekly gains in the 1% range overall.
Secret (SCRT) is the third largest privacy coin by market cap, accounting for 11.29% of today’s $12.2 billion worth of privacy coins. Decred (DCR) accounts for 7.14% of today’s $12.2 billion privacy coin-centric crypto economy.
What do you think of the privacy coin market over the past week and the double-digit gainers like Monero, Secret and Dusk Networks have seen? Let us know what you think about this topic in the comments section below.
Image Source: Shutterstock, Pixabay, Wiki Commons, Coingecko, tradingview,
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