Monero reaches a record peak of $545 as investors abandon Zcash.

crypthub

about 14 hours ago

Monero Sets New All‑Time High

Monero reached $545, its highest ever, overtaking the 2021 peak of $518. The surge reflects renewed demand for privacy‑focused crypto. Traders are moving away from Zcash.

Capital Rotation from Zcash

Zcash fell ~25% in a week after internal governance disputes within the Electric Coin Company, prompting investors to rotate capital to Monero. This shift is known as capital rotation. The rotation lifted Monero’s price while depressing Zcash’s.

Strong Performance and Market Position

Over the past day Monero rose >15%, 26.5% weekly, and 168% over the year, securing support between $420‑$470. Its market cap is about $9.9 bn, placing it around 12th globally and near the top‑10 tier. These levels suggest a solid price floor.

Privacy Demand and Outlook

Growing regulatory scrutiny is boosting interest in privacy coins, though tighter laws could hinder future growth. Monero’s recent performance makes it a focal point for investors monitoring the privacy sector. The coin’s outlook remains uncertain but closely watched.