Monero (XMR) surpassed $500 for the first time since May 2021, reaching $500.66 with a 6% surge on Sunday and a 20% increase over the past week, nearing its record high of $517.50 in April 2021. This contrasted with Zcash’s turmoil after the Electric Coin Company team resigned, causing ZEC’s price to drop by over 20% to around $360. Grayscale and Coinbase highlighted privacy coins like Monero due to rising demand for financial confidentiality in a regulated crypto landscape. XMR may face a correction towards $200-270 if history repeats, but a breakout above $500-520 could lead to a rally towards $775 and a new all-time high this year.

Read more at Cointelegraph: XMR Price Reaches $500 for the First Time Since 2021 After Zcash Falls