Since the end of April, the top privacy crypto assets by market cap went from a total value of $10.7 billion to today’s valuation of about $5.09 billion. During that time, monero lost 48% of its value and zcash fell 56% against the US dollar.
Privacy Coin Economy has shed billions since the end of April
The top five privacy cryptocurrencies monero (XMR), zcash (ZEC), decred (DCR), nucypher (NU), and horizen (ZEN) have lost significant value over the past two months. on April 28, 2022, archived Archived data shows that the top privacy crypto asset by market capitalization was valued at $10.7 billion.
Since then, the entire lot of privacy-centric tokens has lost 54% over 54 days. XMR traded at $227.96 then and today XMR is $123.15; ZEC was trading at $148.92 per unit and now trades at $68.61 per unit.
Additionally, Cosmos-based Secret (SCRT) used to be the 4th largest privacy coin, but is now in 6th place. Hollisen (ZEN) was also #6 then, but is now #5.
Similarly, nucypher (NU), a privacy-focused token by market valuation, moved up from 5th to 4th place. Meanwhile, the XMR has lost 48% of its value since April 28, and this coin has shed 32% of its metric over the past 30 days.
ZEC has lost 56% since that date, while ZEC’s USD value has dropped 37% over the past month. PrivacyCoin, the largest privacy coin by market capitalization, saw single-digit gains for seven days over the past week, while many lesser-known privacy cryptos saw double- and triple-digit gains.
Zclassic (ZCL) gained over 129%, scala (XLA) 105%, cloakcoin (CLOAK) collected a 57.7% gain, and firo (FIRO) continued its 19.5% rise over the past week. However, privacy coins current (KURT), minblewimblecoin (MIMBLE), and ghost (GHOST) fell 43.1%, 23.7%, and 19%, respectively, over the past week.
Monero and zcash are today’s top two privacy coins in terms of market cap, with the two tokens commanding $3.082 billion of that value out of $5.09 billion. XMR and ZEC represent 60.55% of the total market cap of all privacy coins.
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