Top Privacy Cryptocurrencies by Market Cap Lost Half Their Value in Less Than 2 Months – Markets and Prices Bitcoin News

Since the end of April, the top privacy crypto assets by market capitalization went from a combined value of $10.7 billion to today’s valuation of around $5.09 billion. During that time frame, monero lost 48% in value while zcash shed 56% against the U.S. dollar.

Privacy Coin Economy Sheds Billions Since End of April

The top five privacy crypto coins monero (XMR), zcash (ZEC), decred (DCR), nucypher (NU), and horizen (ZEN) have lost significant value during the last two months. On April 28, 2022, archived data shows that the top privacy crypto assets by market capitalization were valued at $10.7 billion.

How To Get Free Crypto  

Since then, the entire lot of privacy-centric tokens lost 54% over a 54-day period. XMR exchanged hands for $227.96 back then and today XMR is $123.15. ZEC was trading for $148.92 per unit and it’s currently changing hands for $68.61 per unit.

The top five privacy coins by market capitalization on June 21, 2022.

Moreover, the Cosmos-based secret (SCRT) used to be the fourth largest privacy coin, but today it is in the sixth position. Horizen (ZEN) was in the sixth position at that time, but today it is ranked fifth.

Similarly, nucypher (NU) jumped ahead a spot from fifth to fourth in terms of privacy-focused tokens by market valuation. While XMR lost 48% in value since April 28, the coin shed 32% of that metric during the past 30 days.

ZEC’s loss since that day was 56% but over the last month, ZEC’s USD value slipped by 37%. While the largest privacy coins in terms of market cap have seen seven-day single-digit gains this past week, a number of lesser-known privacy cryptos have seen double and triple-digit gains.

Coinbase Banner  

Zclassic (ZCL) jumped over 129%, scala (XLA) increased by 105%, cloakcoin (CLOAK) gathered 57.7% in gains, and firo (FIRO) rose by 19.5% this past week. However, the privacy coin kurrent (KURT) lost 43.1%, mimblewimble coin shed 23.7%, and ghost (GHOST) dropped by 19% over the last week.

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

Tags in this story
Decred, decred (DCR), Double-Digit Gains, horizen (ZEN), Market Caps, Monero, Monero (XMR), nucypher (NU), Percentage Gains, Privacy, Privacy Coin Markets, Privacy Coin Prices, privacy coins, Privacy Tokens, SCRT, Secret, xmr, Zcash, ZEC

What do you think about the current state of privacy coins and their market performances over the last two months? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at 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 5,000 articles for News about the disruptive protocols emerging today.

FreeBitcoin Banner  

Image Credits: Shutterstock, Pixabay, Wiki Commons

Read disclaimer

Go to Source
Author: Jamie Redman

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.