$25B Market Cap Milestone Sparks Bullish Hopes for Monero

Privacy-focused cryptocurrencies, such as Monero, are roaring back, with the total market capitalization of these coins surpassing the $62 billion mark for the first time since 2021.

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Leading the charge are Dash (DASH) and Zcash (ZEC), which have soared 75% and 21%, respectively, in the past 24 hours, according to CoinGecko. Their weekly gains of over 200% for Dash and 45% for Zcash reflect the sector’s renewed momentum even as Bitcoin slipped below $105,000.

Data from Artemis reveals that privacy coins have outperformed the broader crypto market, delivering nearly 80% monthly returns, while Bitcoin and Ethereum struggled amid a broader market correction. Analysts attribute this surge to a rising preference for transactional anonymity and self-custody.

XMR's price trends upwards with small losses on the daily chart. Source: XMRUSD on Tradingview

Monero (XMR) Poised for Breakout

With Dash and Zcash dominating headlines, attention is now shifting to Monero (XMR), which has long been regarded as the gold standard for privacy in the crypto space.

Monero rebounded from its $339 support level, triggering buy orders and renewed interest from both retail traders and privacy advocates. Currently priced around $346.56, XMR is up 1.48% daily with trading volume surging 38% to $230.96 million, signaling strong buyer conviction.

Technical indicators paint a cautiously bullish picture: the RSI at 59.7 suggests healthy momentum, while a positive MACD histogram (+1.53) supports a potential move toward the $361 resistance level.

Analysts warn, however, that a break below $339 could expose the coin to downside risk near $320. Sustained volume above $226 million is seen as key to validating any breakout attempt.

The Return of Privacy in Crypto

The revival of privacy coins signals a deeper narrative shift within the cryptocurrency ecosystem. As compliance frameworks become stricter, investors appear to be rediscovering the core ethos of decentralization and privacy.

Monero’s stability in network essentials, such as rising hashrate and shielded transaction adoption, cements its position as a frontrunner in this comeback story. Industry analysts suggest that if current momentum continues, Monero could reclaim its dominance and push the privacy sector’s valuation even higher.