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Privacy coin Monero (XMR) suddenly demonstrated a 8.22% price uptick inside the day, trading at $331.52 and lifting its market capitalization to $6.11 billion. Thanks to this move, Monero claimed 21st place on CoinMarketCap, pushing Shiba Inu (SHIB) down with $5.87 billion.
One may think it is just a numbers game, but this particular change is crucial because it reflects how capital is being allocated across sectors of the crypto market right now.
Digging deeper into the numbers, XMR recorded $210 million in turnover within 24 hours, ahead of SHIB’s $181 million. Over a seven-day period, Monero is showing a 4.34% gain, while SHIB has lost 4.83%.
For an asset like SHIB, which depends on community strength and brand-driven speculation, such performance during a period of decline across the market underscores its similarity to the general sentiment. Monero, by contrast, shows 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 newest data shows they are starting to become relevant again. It all started with Zcash's (ZEC) renaissance and eventually made it to Monero, whose design is based on confidential transactions and fungibility.
Industry commentary reinforces this direction with figures like Mert from 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 be left without attention if the crypto market continues to grow.
The statement reflects a wider consensus among builders that privacy is essential for global adoption and not an optional add-on.
The current market moods are clear in the rankings. Monero now stands above Shiba Inu, as assets with long-term structural use cases reclaim ground from purely speculative tokens.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team