Privacy-focused cryptocurrencies are on the rise this week as their total market value climbs close to $14.4 billion. According to CoinGecko data, this is about a 0.7% increase in the last 24 hours.
Among the top performers, Monero (XMR) and Zcash (ZEC) continue to dominate the sector with market caps exceeding $6.2 billion and $5.6 billion respectively.
Monero and Zcash lead the rally
At the time of writing, Monero was trading at $340. This is a modest 0.7% over the last 24 hours, adding to a 10.4% surge in 7 days. This is all thanks to the increasing trading activity, which as of today, recorded over $155M in trading volume.
Zcash (ZEC), the second largest token on the board, was trading at $336. Unlike Monero, the token is down by 2.4% from the previous day. However, it has surged over 24% in the last seven days. Zcash is also seeing a high number trading activity reaching over $720 million in volume. Over the last three months, the token has surged by a massive 795% in value.
There are other major tokens that have been performing well; however, with a lower market cap. For instance, Ycash has surged by over $210 in 7 days, bringing its market cap up to $34,549, Pirate Chain has done 33.4% over the same period with a market cap of $117 million.
Also Read: Pi Coin Jumps 15% in 24 Hours, Weekly Gains Extend to 30%
