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Privacy coin Monero (XMR) suddenly showed an 8.22% increase in price during the day, trading at $331.52, raising its market capitalization to $6.11 billion. The move put Monero in 21st place CoinMarketCappushing Shiba Inu (SHIB) a decrease of $5.87 billion.
Some may think that this is just a numbers game, but this particular change is fundamental because it reflects how capital is allocated between sectors of the crypto market right now.
Looking deeper into the numbers, XMR saw a turnover of $210 million in 24 hours, ahead of SHIB’s $181 million. Over the seven-day period, Monero is up 4.34% while SHIB lost 4.83%.
For such a property SHIBwhich depends on the strength of the community and brand-driven speculation, such performance during a period of decline across the market underscores its similarity to general sentiment. Monero, on the other hand, is showing relative strength despite literally years of regulatory pressure and limited exchange support.
Memes out, privacy in
Privacy tokens are often sidelined in mainstream narratives, but the latest data shows they are becoming relevant again. It all started with the renaissance of Zcash (ZEC) and eventually led to Monero, whose design is based on confidential transactions and fungibility.
Industry commentary reinforces this trend with figures such as Mert of Solana’s Helius, who is one of the pioneers of the recent privacy narrative, noting that there is a 0% chance that coins like ZEC or XMR will go unnoticed if the crypto market continues to grow.
The statement reflects a broader consensus among creators that privacy is essential to global adoption, not an optional extra.
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Current market sentiment is clear in the chart. Monero now stands at the top Shiba Inuas assets with long-term structural use cases are regaining ground from purely speculative tokens.
