Monero Surpasses $500 Amid Broader Privacy Coin Market Turmoil Monero, the leading privacy-focused cryptocurrency, has broken past the $500 threshold for the first time since its peak in May 2021, signaling renewed investor interest. The digital asset briefly touched $500.66 after a 6% rise on Sunday and a 20% increase over the past week, approaching its all-time high of approximately $517.50 established in April 2021. This uptick reflects Monero's growing appeal amid turbulence affecting its privacy coin rivals. XMR/USD daily chart. Source: TradingView Zcash Fiasco Spurs Monero's Rally The recent rally in Monero contrasts sharply with the challenging developments within the Zcash community. On Wednesday, the team behind Zcash, Electric Coin Company, faced a mass resignation due to disputes over project governance, asset management, and operational direction. The fallout uncovered significant internal rifts, especially concerning the management of vital project assets and strat...