Monero and Zcash Diverge in Double-Digit Weekly Swing as Privacy Coins Rotate
Monero has surged over 23% in the past week to $406, while Zcash has fallen about 25% to $480, amid overall volatility in privacy coins. The privacy coin category is down nearly 40% over the week, but Monero stands out as the only top performer with daily gains of 4.1%. By contrast, Zcash and Dash have dropped 4.4% and 7.3% respectively. The diverging trends between Monero and Zcash are attributed to capital rotation and short-term trading factors rather than fundamental changes in demand for privacy. Monero’s recent gains are primarily driven by futures speculation rather than spot market buying, as evidenced by futures market data showing increasing open interest and positive bid-ask deltas. Such futures-led rallies are typically seen as weak and may reverse if traders close positions, potentially shifting gains to other privacy coins like Zcash or Dash. Overall, privacy coins remain largely unaffected by broader macroeconomic uncertainty, but internal sector dynamics are driving sharp divergences in short-term price action.
