Monero's XMR hits $500 for the first time since 2021 as rival Zcash fumbles
Monero's XMR has reached $500 for the first time since 2021, marking a significant milestone for the privacy-focused cryptocurrency. This surge in value comes amid challenges faced by its rival, Zcash, which has struggled to maintain its position in the market. Analysts attribute Monero's success to its strong privacy features and growing adoption among users seeking anonymity in transactions. The rise in XMR's price reflects a broader trend of increasing interest in privacy coins as regulatory scrutiny intensifies on the crypto sector.
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