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Monero (XMR) has hit fresh highs around the $596 level after recent developments in the privacy coin sector. The surge comes as the privacy coin market continues gaining momentum, with the broader category now exceeding a $26.6B market cap—marking a 10%+ jump over the past week.
XMR has led the charge with impressive weekly gains of 34.7%, reflecting growing interest in privacy-focused digital assets. In contrast, Zcash (ZEC) has struggled, posting a 17.9% decline for the same period. The divergence highlights shifting sentiment within the privacy coin ecosystem, particularly following structural changes within the sector that have reshaped investor expectations.
These moves underscore how quickly market dynamics can shift in the crypto space. Privacy coins remain a closely watched segment, with traders monitoring both technical levels and fundamental developments that could drive the next wave of volatility.