Despite the fact that regulations have tightened and bureaucrats worldwide are scrutinizing cryptocurrency usage, a few privacy coins have jumped considerably higher in value over the last week. Monero jumped 13% during the last seven days, while the token secret increased 50%, and dusk spiked by 47% this past week.
Monero, Secret, Dusk Network Values Peak
This week, a few privacy-focused crypto assets saw double-digit percentage gains over the past seven days. According to metrics from coingecko.com’s Privacy Coins Market Cap List, there are $12.2 billion of these types of assets.
Monero (XMR) has the largest market valuation on January 17, 2022, with $3.9 billion. The past 24-hour range of trading shows that XMR has been exchanging hands for $212.45 to $229.66 per unit. Over the last seven days, monero (XMR) has increased 13% against the U.S. dollar. Year-to-date, XMR is up more than 38% since this time last year.
Zcash (ZEC) holds the second-largest valuation in the privacy coin market at $1.6 billion. However, ZEC lost 3.6% in the last seven trading days. Since this time last year, zcash has gained 24% in value against the US dollar.
The crypto asset secret (SCRT) spiked 50% during the last week and SCRT currently has a market valuation of around $1.4 billion. Decred (DCR) managed to increase in value over 14% during the last week as well. Dusk network (DUSK) jumped over 47% in value over the last seven days and has a market valuation of around $390 million.
30 privacy-centric coins made gains this week, 8 privacy tokens topped Monero gains
Other notable spikes in privacy coin value this week came from coins like bitcoinz (BTCZ), apollo (APL), sail (VEIL), masari (MSR) and private bitcoin (BTCP) respectively. All of these aforementioned privacy tokens posted double-digit gains against USD last week.
A total of eight privacy tokens outpaced monero’s (XMR) 13% weekly gain. However, XMR’s market valuation represents 32.25% of the aggregate value of all the privacy coins while ZEC’s market cap dominates by 12.90% this week.
A total of 15 privacy-centric cryptocurrencies posted double-digit gains this week, while a total of 30 privacy coins saw weekly gains generally above the 1% range.
Secret (SCRT), the third-largest privacy coin market cap, represents 11.29% of the $12.2 billion worth privacy tokens today. Decred (DCR) represents 7.14% of today’s $12.2 billion privacy coin-centric crypto economy.
