The days of privacy coins have arrived, with 13 tokens rising by double digits

As regulation has tightened and policymakers around the world scrutinize the use of cryptocurrencies, a number of privacy-focused cryptoassets have seen hundreds of double-digit gains in share over the past seven days.

Monero, Secret, Dusk Network made strong gains

According to data from Coingecko, the total capitalization of private altcoins is currently $12.2 billion.

Monero (XMR) is currently trading at $211.4 with the largest market valuation in the privacy coin space. It’s up 15.9% over the past seven days and up more than 38% since that time last year.

XMR/USD price chart | Source: Trade View

Zcash (ZEC) holds the second largest valuation in the private crypto market at $1.6 billion. Despite falling 3.6% over the past seven years, ZEC is up 24% on the annual time frame.

Secret (SCRT) is up 50% this week and now has a market valuation of $1.4 billion. Decred (DCR) is also up more than 14% for the week and has a market valuation of $924 million. Dusk Network (DUSK) is up more than 47% in seven weeks and has a market valuation of around $390 million.

Top 10 private altcoins by market cap | Source: Coinecko

30 altcoins focused on green privacy all week

Other notable privacy altcoins to see double-digit gains this week include Bitcoinz (BTCZ), Apollo (APL), Veil (VEIL), Masari (MSR), and Bitcoin Private (BTCP).

A total of 8 privacy altcoins outperformed XMR’s 15.9% weekly gain. However, XMR’s market valuation accounts for 32.25% of the total value of all private altcoins, while ZEC’s market cap accounts for just 12.9%.

Top 8 altcoins that have outperformed XMR this week | Source: Coinecko

While 13 privacy altcoins posted double-digit gains this week, 30 altcoins in the sector posted weekly gains in the 1% range.

SCRT has a market cap of $1.44 billion, the third largest in the private money market with an 11.29% share, closely followed by DCR, which accounts for 7.14% of the total $12.2 billion.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.