Monero (XMR) has gained momentum over Zcash (ZEC) in the privacy coin market, with XMR trading at $349, marking a 2.62% increase over the past week. This rise follows a recovery from its February low of $276, representing a 30% increase in the last month. In contrast, Zcash has seen a 7% drop in the last 24 hours, with its price hovering around $209.
Despite Monero's price advantage, Zcash has secured the top position among zero-knowledge proof coins by market cap, according to CoinGecko. This highlights ZEC's strong market presence in the zero-knowledge segment, even as Monero remains the leading privacy coin by market cap.
In terms of mining profitability, Zcash currently offers higher revenue at $2.80 compared to Monero's $1.56. However, Zcash's higher electricity costs reduce its profitability to $0.92, slightly above Monero's $0.81. The narrow profit margin suggests minimal impact on miner preferences between the two coins.
Monero Outpaces Zcash in Privacy Coin Market as XMR Gains Momentum
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