Privacy Coins Rally: Monero Leads the Charge

On Tuesday, Monero XMR continued its upward trend, with most of the top ten privacy coins by market cap showing gains, except for Zcash ZEC and Mimblewimblecoin MWC . As of around 12:10 p.m. Eastern on January 13, XMR was trading at 661 per coin, having briefly reached 692 earlier. The leading privacy coin rose by 12.5 on the day and 50.5 over the past week, indicating strong performance across the sector.
In contrast, Zcash ZEC fell by 3.3 on the day and 24.2 over the week, a significant drop from its previous position as the top-performing privacy coin. Dash DASH saw a remarkable increase of 47.8 on Tuesday and is up 24.1 for the week, trading at 56.52 per coin. Other notable performers include Beldex BDX with a slight gain of 1.3 , Decred DCR which jumped 20 on the day, and Horizen ZEN that posted a 12.3 increase.
Pirate Chain ARRR led the pack with an impressive 59.4 surge on Tuesday and has climbed approximately 124.9 over the week, trading as high as 0.5637. This week has been largely positive for the privacy coin market, with gains across most assets except for ZEC.
Despite some shifts in leadership among the coins, the overall sentiment remains optimistic as buyers show a preference for privacy-focused cryptocurrencies. Monero is now just one position away from breaking into the top ten crypto assets by market cap.