Zcash, Monero in Tight Ranking Race: Who Wins?
According to CoinMarketCap data, Monero ranks as the 16th largest cryptocurrency with a market capitalization of $7.69 billion, ahead of Zcash, which sits in the 17th spot of the top 100 crypto rankings with a market capitalization of $7.56 billion. With this move, Monero regains its position as the biggest privacy token by market capitalization. Monero increased 20% this week on futures speculation while Zcash fell about 10%, reflecting leverage and possibly capital rotation within the privacy narrative. At the time of writing, Monero (XLM) was up 1.61% in the last 24 hours to $416, while Zcash was down in this time frame. The recent Monero price rally could be undone if investors unwind their positions, which would allow profits to rotate into Zcash, Dash or other crowd-favorite privacy coins. Hence, the ranking flip between Zcash and Monero will be watched to see if it will sustain as investors rotate in and out of both coins.
