The price of ZEC had a 44.13% increase in its trading price over the last week. While the value of BEAM rose by 13.16%, XMR obtained an appreciation of 10.51%.
Privacy-focused cryptocurrencies have been gaining traction among investors for over a week. There is a war scenario between Russia and Ukraine, and the governments seek to restrict transactions with crypto assets.
Three of the cryptocurrencies with the highest appreciation in the last few weeks precisely focus on the privacy and transactions of users. That is evident when considering that the price of one has risen by almost 45%.
However, none of those privacy-focused cryptocurrencies have seen the most significant increase over the last week. The most appreciated in the market has been WAVES, reaching an almost 50% increase in its value in recent weeks.
Its price went from USD 17.8 to USD 26.62 per unit, and its total market capitalization exceeded USD 2.8 billion. Furthermore, its trading volume was close to USD 1 billion on exchanges.
As for privacy cryptocurrencies, Zcash (ZEC), BEAM, and Monero (XMR) rose by 44.13%, 13%, and 10%, respectively.
The gains of the above cryptocurrencies stand out compared to the leading coins, which closed to the downside. That was the case for Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), Cardano (ADA), and Solana (SOL).
The Total Capitalization of Zcash Exceeds USD 2 Billion Again
Zcash took the lead among privacy cryptocurrencies, with a 44.13% increase in its trading price over the last week. The crypto asset exceeded USD 150 per unit and has turned green so far this year.
The momentum gained by ZEC last week led it to exceed USD 2 billion in total capitalization again. The trading volumes on exchanges increased by nearly USD 500 million up 47% from the previous period.
The BEAM Price Rises despite Its Low Marketing Levels
BEAM is also among the privacy cryptocurrencies that have risen the most in value over the last week. Judging by the prices, the market seems to be increasingly demanding that feature.
The third-largest cryptocurrency by the appreciation of the week rose by 13.16% in that period. Its market capitalization is close to USD 100 million, although its trading volumes are low compared to other cryptocurrencies.
Investors and the Government of Ukraine Have XMR on the Radar
The leading privacy cryptocurrency in the market rose in value over the last week. Monero seems to have appreciated by 10.51% after Ukraine incorporated it as a donation method in the war with Russia.
Curiously, XMR appears among the five most appreciated cryptocurrencies, although the rise in its price reversed violently. It had a 10% increase at the close, but it was over 70% at some point.
At its highest point, the price exceeded USD 270 per unit, up from its high of this year. However, its value closed at USD 175 over the last week.
Cryptocurrencies play an increasingly relevant role in the economy, and investors know that. Since the value of some privacy-focused crypto assets has increased significantly, traders turn to them to make considerable profits.
By Alexander Salazar
