Privacy is a topic that has been at the forefront of many people’s minds. Whether it’s because we’re all becoming more aware of how our data is being used or because companies are becoming more and more invasive as time goes on, privacy seems to be at risk every day.
One of the ways to protect your own personal data from these risks is by investing in Privacy Coins. But which of them can you trust with your money. In this post, we’ll discuss the best tokens out there, their market capitalization and their price.
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6+ Best Privacy Token By Market Capitalization and Price 2021
We have previously discussed the meaning, uses, and features of privacy coins or tokens. You might be curious about is which of these cryptocurrencies is the best or has more market value.
We will talk about the top privacy coins based on their market capitalization in 2021. Let’s take a look at these coins that boast the best built-in privacy features. And we will provide answers to the common questions on this topic.
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1. MONERO (XMR)
It is an open-source, decentralized cryptocurrency or altcoin specializing in providing transaction privacy for its users. It is considered the best amongst all privacy tokens. Monero employs some privacy technologies to ensure that the sender’s identity, receiver’s identity, amount, and IP address are kept private and hidden.
These technologies applied are ring signatures, confidential ring transactions, and stealth addresses. The market cap of Monero, as of February 18, 2021, stands at $4.74 billion at $265.56 per 1 XMR. It is also ranked at number 17 of cryptocurrencies with the highest market cap.
2. ZCASH (ZEC)
Zcash classifies as an upgrade of Bitcoin since it was also based on Bitcoin’s code. It employs a privacy tool known as Zero-Knowledge proof to ensure that a transaction is anonymous.
If you are using Zcash, you have to select the privacy option before you carry out your transaction. If not, your transaction remains public. The market cap of Zcash as of February 2021 is $1.75 billion at a rate of $161.04 per 1 ZEC. It is ranked at 46 in the top cryptocurrencies with the highest market cap in the world.
3. DASH (DASH)
it was launched in January 2014 as Xcoin, and then Darkcoin before it was finally rebranded as Dash. It was also created with Bitcoin’s source code. It provides complete privacy and anonymity to transactions using a feature known as PrivateSend.
This feature works by mixing your transaction and coin with other ones in the system during a transfer, making it impossible to differentiate your transaction from others.
The market cap of Dash currently stands at $2.65 billion and costs $265.47 per 1DASH. It is ranked at number 32 in the top cryptocurrencies with the highest market cap in the world.
4. VERGE (XVG)
It was launched in 2014 as dogecoin dark before it was changed to Verge. It provides its privacy with TOR (The Onion Router), I2P (Invisible Internet Project), and wraith protocol tools. These tools help the system to hide the IP address of the person carrying out a transaction.
The market cap of Verge currently stands at $433.11 million and costs $0.026361 per 1XVG. It is ranked at 101 in the top cryptocurrencies with the highest market cap in the world.
5. HORIZEN (ZEN)
It was launched in May 2017 as ZenCash before it was rebranded to Horizen in 2018. It offers two forms of addresses: the private Z-Addresses and the public T-Addresses, similar to Bitcoin.
The market cap of Horizen currently stands at $856.34 million and costs $79.54 per 1ZEN. It is ranked at number 71 in the top cryptocurrencies with the highest market cap in the world.
These top privacy coins can be purchased on exchanges such as Binance, Blockvilla, Coinbase, HitBTC, etc.
XVG can be bought on exchanges like Binance and Bittrex. It can also be traded against other cryptocurrencies and fiat currency.