Zcash's Rise and BlockDAG's New Listings Pose a Threat to XMR's Dominance Among Privacy Coins
- Zcash overtakes XMR in market cap ($6.22B) after 14.8% surge, driven by Solana integration plans. - BlockDAG's potential Coinbase/Kraken listings ($430M presale) threaten XMR's privacy coin dominance. - XMR tests $2.43 support level amid descending triangle pattern, with 50% price move possible if key levels hold. - Privacy coin competition intensifies as Zcash's scalability upgrades and BDAG's liquidity allocations reshape capital flows.
Monero (XMR) is currently undergoing a phase of price consolidation as shifting market conditions and renewed enthusiasm for privacy-centric cryptocurrencies, along with new blockchain integrations, come into play. As a longstanding leader in anonymous digital transactions, XMR now faces increased price swings while contending with emerging competitors such as
According to
Further intensifying the situation for XMR are rumors about BlockDAG potentially being listed on major trading platforms such as Coinbase and Kraken. Documents leaked by influencer Crypto Rover indicate that BDAG might launch with trading pairs like BDAG/USDT and BDAG/USD, along with a 300K
From a technical perspective, XMR is currently challenging key support zones, with a fall below $2.43 potentially leading to a revisit of the $2.16–$1.76 range, as noted in reports on the leaked information. The coin remains confined within a descending triangle, squeezed between the 50-day EMA at $2.66 and a rising support base near $2.30. If XMR breaks above $2.72, it could spark a rally toward $3.25, in line with Fibonacci retracement targets and converging trendlines. Nevertheless, bearish sentiment persists, and a decisive drop below support could prolong the downward correction.
The wider cryptocurrency sector has demonstrated strength, with
Traders should keep an eye on both technical signals and broader market trends. While a 50% move for XMR is still on the table, it will depend on holding vital support and adapting to the rapidly changing privacy coin landscape.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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