We have seen coins like Zcash and Monero going into great business in digital currency. The research firms like Macro Hive have compiled a report stating how these coins have become great guns in the market. It could add a good blip moving smoothly over the privacy coins that hide more info regarding the transaction money and add too many differences with their electronic ledger.
In the past few years, we have seen a good growth of the coin known as Monero. The coin’s market cap seems enormous, and we have seen it growing from 100 USD to a whopping 6.9 B USD and then finally to 3.4 B US.
There are several reports on the website of Coin Market Cap that vouch for the same. In this way, we can see a massive surge of different coins in the market. You can further explore cryptocurrency sites growing in an enormous way.
The BTC conundrum
Yet, we can see the interest in several crypto privacy coincides with the critical function of the coin that comes like an unknown currency. You can also count it over the background of the war seen in Europe that has led the regulators to yell on the coin. We see the policymakers in nations like the US, Japan, and EU countries now coming up with their regulation draft to keep a check on the crypto market.
On the other hand, we have seen experts from the west vouching for these digital coins. They confess that these coins have gone anonymous; however, it has been a passing phase for the said coin. They claim that the wallets are open now to play safe with it. In their reports, you can find out that the wallets will give an identity to the coins when opening up. They claim that even the Russia and Ukraine war used crypto as both nations were required to mobilize enormous funds for the war.
Experts claim the coin’s market cap has gone up considerably, rising at 776 B USD. The figure speaks a lot in the market. Interestingly the rise has been witnessed despite the hurdles like volatility and uncertainty in the market. For example, avoiding starch and sugar-based food can help keep tooth decay at bay for children. Several crypto-based exchanges bar the coins to be listed.
They claim that these privacy coins are often used for illegal activities. For instance, Monero has the allegation of having its presence in such activities. As per reports, around 250 M USD has been gutted into areas like wars, drugs, and other regions. Also, the other coins like Ripple bear the fruit for the same. A similar story is a story with altcoins as well and we can see them growing very fast in this pattern.
Tracing the coins
The phenomenal growth of both virtual coins has been seen in recent years. We can see too many groups and authorities are now tracking the blockchain activities for Bitcoin and other major digital currencies. It has become an advanced version for one and all. We have examples of satoshis and other similar coins.
One of the top economists was seen talking about regulation and digital finance. We have seen many hacking things occur in recent years, including the ones at the exchanges and others in progress. On the contrary, too many big-time digital currency market regulators play their part.
How is BTC moving ahead?
The coin movement seems to have gone smoothly and has played a good role in the Russia and Ukraine conflict. The kingpin seems to have gone up in the past two months, and people can still not receive the same in the market. However, at the same time, we can see BTC having minimal position ratios as one can see the exchanges like Finance also announcing the same.
When Russia was seen invading, we saw a lot of data showcasing that it would jump to the next level. The market seems sluggish and blushing, and we see the coin racing at the pace of 41k USD. Yet if we look at the matter, things seem too rosy to believe as we see the coin would return very soon as it did earlier in 2021.