Zcash (ZEC) Second Best To Monero (XMR) In Latest Anonymous Coin Rating - Today's Gazette - Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News
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Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

Zcash (ZEC) Second Best To Monero (XMR) In Latest Anonymous Coin Rating

Altcoins

Zcash (ZEC) Second Best To Monero (XMR) In Latest Anonymous Coin Rating

Anonymous coins have become an integral part of the cryptocurrency space as these coins are generally considered to be the most secure coins. The coins are usually used for confidential transactions and have gained much usage in discreet sectors such as the Adult film industry.

Monero (XMR) Generally Regarded As The King Of The Anonymous Coins

It has long been concluded by that Monero (XMR) was the king of the privacy coins as it is the most popularly known anonymous coin. However recent problems to the coin such as speculations about hacks to its network and accusations that the token is used by criminals had seemed to stop its growth.

Rival coin Zcash (ZEC) had also inked a big partnership with financial giant JP Morgan as it sought to overtake Monero. Zcash  had also made technological improvements to its technology with some crypto analysts speculating that it could be a more secure platform than Monero (XMR).

Also READ  Monero (XMR) Is A More Confidential Bitcoin

Latest Weis Rating Poll Reveal That ZCash (ZEC) Remains Behind Monero (XMR)

However, the latest Weis Rating Twiter Poll has put a dent to such speculation as Monero easily won in the poll which asked viewers what privacy coin they preferred. The three coins pitted on the poll were Monero (XMR), Zcash (ZEC) and Dash (DASH)

Monero gained more than half of the votes with 54% of the respondents voting for the coin while Zcash came second with 27% of the votes. Dash finished third with 17% of the votes which shows that the coin has a lot to do to reach the level of the top two privacy coins.

The result polls differ from their positions on the top 50 coins based in marketcap. Monero currently lies 13th on the list with Dash taking the 15th position and Zcash at the 21st spot. Zcash would see this latest poll as an indication that many prefer their coin to Dash for anonymous transactions.

Also READ  Monero (XMR) Looking To Exceed Expectations In 2019, Envisioned To Hit $638

Latest Price

Monero (XMR) price currently trades at $55.51 and experienced a growth of 0.21% in the past 24 hours. Dash also gained 0.65% to trade at $93.99 while Zcash depreciated by 1.85% and currently trades at $58.77

 

Writer, editor and digital space observer with 5 years experience in the blockchain industry.

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