Monero Surges 20% as Privacy Coin Rotation Intensifies

Privacy-focused cryptocurrency Monero (XMR) has surged approximately 20% over the past week, climbing from $352 on November 3 to a temporary high of $433. The rally, which has sustained XMR above $420, follows Zcash’s explosive gains earlier this month and signals a potential shift in trader attention toward privacy-oriented digital assets. The move comes as technical breakouts align with network upgrades and renewed interest in censorship-resistant transactions. Profit Rotation from Zcash Triggers Short Squeeze Following Zcash’s 200% surge in early November, traders began rotating profits into other privacy coins, with Monero emerging as the primary beneficiary source: https://beincrypto.com/monero-surges-20-as-privacy-coin-rotation-intensifies/