The crypto market saw a rally this Wednesday that saw it gain 7,8% in just 24 hours.
It is interesting that it was the leader in growth Monero (XMR), up 12,3%, while another privacy currency Zcash (ZEC) added 15,4% to its value against the US dollar. Dash ( DASH ) also rose in price by 16,4% to $49,12.
This surge brought the total value of privacy coins to $7,38 billion.
XMR/USDT December 11, 2024
Among other tokens from this sector, we note the growth of BDX by 2,2%, DCR by 9,6%, MWC by 6,7% and Verge (XVG) by 37,4%, and an impressive 25% increase in Railgun (RAIL). Over the past 24 hours, the global trading volume of privacy coins reached $646,3 million.
XVG/USDT December 11, 2024.
The reason for their growth can be attributed to the appearance of entrepreneur Roger Ver on the Tucker Carlson show, who singled out coins such as XMR and ZANO, emphasizing their unique role in the developing world of cryptocurrencies.
ZEC/USD December 11, 2024.
Privacy-focused cryptocurrencies are designed to increase the anonymity of transactions. Unlike Bitcoin, whose transaction data is recorded on a public ledger, privacy coins use stealth addresses, coin mixing, and cryptographic solutions to protect a user’s payment information.
