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Privacy-Focused Cryptocurrencies Face Sharp Declines in Market Downturn
Gate News bot message, Privacy-focused cryptocurrencies experienced significant declines during the broader crypto market downturn.
Multiple privacy coins recorded substantial losses, with Zcash (ZEC) dropping 25%, Dash (DASH) falling 15%, Conceal Network (CC) declining 8%, Monero (XMR) decreasing 4%, and Beldex (BDX) sliding 3%.
CryptoRank’s Privacy tag data shows that 93 out of 104 privacy-focused cryptocurrencies registered negative performance.