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Monero just shattered expectations, hitting fresh all-time highs near $600 and decisively breaking through its previous May 2021 peak of $517. The privacy asset market is experiencing a notable shift right now.
Meanwhile, growing concerns around Zcash are triggering a broader reallocation. Capital appears to be rotating away from troubled privacy assets toward alternative solutions in the same category. This dynamic reflects how investor sentiment can rapidly reshape asset preferences within specific sectors.
The surge in Monero's price alongside softening interest in competing privacy coins hints at a potential consolidation in the privacy-focused crypto space—where market participants are increasingly selective about which projects deserve their capital.