Monero Market Cap Hits $8 Billion Amid 100% Annual Gains

CoinGecko data shows privacy coin Monero nearing its 2021 peak, outperforming broader crypto markets while rival Zcash declines.

XMR
ZEC

Summary

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Terms & Concepts
  • Privacy coin: A type of cryptocurrency focused on enhancing transaction anonymity and obscuring user identity through advanced cryptographic techniques.
  • Monero (XMR): A privacy-focused cryptocurrency that uses techniques like ring signatures and stealth addresses to keep transactions confidential.
  • Market capitalization: The total value of a cryptocurrency’s circulating supply, calculated by multiplying the current price by the number of coins in circulation.