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Top Privacy Cryptocurrencies by Market Cap Lost Half of Its Value in Less Than 2 Months – Markets & Prices Bitcoin News

Top Privacy Cryptocurrencies by Market Cap Lost Half of Its Value in Less Than 2 Months – Markets & Prices Bitcoin News

Since late April, the top privacy crypto asset by market capitalization went from a combined value of $10.7 billion to today’s valuation of about $5.09 billion. During that time frame, Monero is down 48% in value, while zcash is down 56% against the US Dollar.

Privacy Coin Economy Sheds Billions Since End of April

Top Five Privacy Crypto Coins Monero (XMR), zcash (ZEC), decred (DCR), nucypher (NU), and horizon (ZEN) have lost significant value during the past two months. On April 28, 2022, archived data shows that the top privacy crypto asset by market capitalization was valued at $10.7 billion.

Since then, the entire privacy-focused coin is down 54% in a 54-day period. XMR Exchanged then and today for $227.96 XMR is $123.15. ZEC was trading for $148.92 per unit and it is currently changing hands for $68.61 per unit.

Top five privacy coins by market capitalization as of June 21, 2022.

Furthermore, Cosmos-based Secrets (SCRT) used to be the fourth largest privacy coin, but today it ranks sixth. Horizon (ZEN) was in sixth place at the time, but today it is in fifth place.

Similarly, nucypher (NU) jumped from fifth to fourth place in terms of privacy-focused tokens by market valuation. whereas XMR The coin has dropped 32% of that metric during the past 30 days, having fallen 48% in value since April 28.

ZEC’s loss from that day was 56% but compared to the previous month, the USD value of ZEC fell by 37%. While the largest privacy coins in terms of market cap have seen seven-day single-digit gains over the past week, several lesser-known privacy cryptos have seen double- and triple-digit gains.

Zclassic (ZCL) is up over 129%, scala (XLA) is up 105%, cloakcoin (CLOAK) is up 57.7%, and firo (FIRO) is up 19.5% over the past week. However, the privacy coin Current (KURT) declined 43.1%, Mimblewimble coin 23.7% and Ghost (GHOST) declined 19% compared to the previous week.

Monero and Zcash are the top two privacy coins today in terms of market cap and out of $5.09 billion, the two tokens command $3.082 billion of that value. XMR and ZEC combined represent 60.55% of all privacy coin market cap.

Tags in this story

Decred, Decred (DCR), Double-Digit Gains, Horizon (ZEN), Market Caps, Monero, Monero (XMR), Nucifer (NU), Percentage Gains, Privacy, Privacy Coin Market, Privacy Coin Price, Privacy Coins, Privacy Token , scrt, incognito, xmr, zcash, zec

What do you think about the current state of privacy coins and their market performance over the past two months? Let us know what you think about this topic in the comment section below.

Jamie Redmayne

Jamie Redmayne is the News Lead at News and a financial tech journalist based in Florida. Redmayne 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, Redmayne has written over 5,000 articles for News about the disruptive protocol emerging today.

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