{"id":17413,"date":"2023-02-08T15:15:47","date_gmt":"2023-02-08T15:15:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/privacy-coin-interest-stays-tepid-as-leading-coins-report-modest-gains-in-2023-altcoins-bitcoin-news\/"},"modified":"2023-02-08T15:15:47","modified_gmt":"2023-02-08T15:15:47","slug":"privacy-coin-interest-stays-tepid-as-leading-coins-report-modest-gains-in-2023-altcoins-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/privacy-coin-interest-stays-tepid-as-leading-coins-report-modest-gains-in-2023-altcoins-bitcoin-news\/","title":{"rendered":"Privacy Coin Interest Stays Tepid as Leading Coins Report Modest Gains in 2023 \u2013 Altcoins Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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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.<\/strong><\/p>\n

Top Privacy Coins See Slow Growth as Market Capitalization Increases by a Mere $2 Billion in 90 Days<\/h2>\n

Statistics show that top privacy crypto assets<\/a> saw less growth in the past month compared to the top two crypto assets, bitcoin and ethereum. However, one privacy coin, dash (DASH)<\/a>, 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)<\/a> saw a rise of 8.7% in value, and zcash (ZEC)<\/a> increased by 10.6% over 30 days. Currently, the top three privacy coins by market value are XMR<\/a>, DASH<\/a>, and ZEC.<\/p>\n

90-day statistics<\/a> show that while monero (XMR<\/a>) and zcash (ZEC) saw modest gains, the privacy coin economy saw an increase of $2 billion. Three months ago, XMR<\/a> was trading at $129 per coin and as of Wednesday, it is trading at $168 per unit. Dash (DASH<\/a>), which was trading at $36.60<\/a> 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.<\/p>\n

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.<\/p>\n

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$2 Billion<\/a>, 90 days<\/a>, Altcoins<\/a>, Axe<\/a>, Bitcoin<\/a>, cloakcoin<\/a>, crypto assets<\/a>, daps coin<\/a>, dash<\/a>, deeponion<\/a>, digibyte<\/a>, dusk network<\/a>, Ethereum<\/a>, Feb 8<\/a>, Fiat Value<\/a>, Greenback<\/a>, horizen<\/a>, increase<\/a>, iridium<\/a>, Market Capitalization<\/a>, modest gains<\/a>, Monero<\/a>, notable 24-hour gainers<\/a>, Nov. 9 2023<\/a>, phore<\/a>, PRCY<\/a>, Privacy<\/a>, privacy coins<\/a>, Privacy Tokens<\/a>, raze network<\/a>, U.S. dollar<\/a>, xmr<\/a>, Zcash<\/a>, ZEC<\/a><\/div>\n<\/div>\n

What do you think is the future of privacy coins in the cryptocurrency market? Share your thoughts in the comments below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie 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.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: 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<\/a> 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.<\/p>\n<\/div>\n

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