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