Privacy is not the criterion that makes a cryptocurrency valuable and so some shitcoins may rise faster than good ones like XMR. In short, think of XMR as a long-term investment and shitcoins as a short-term investment.
Exactly, privacy coins like Monero are often compared to mixers, and we know authorities aren’t fans of mixers because they believe they’re mostly used for money laundering. The same stigma applies to privacy coins, they’re seen as tools for hiding transactions, which makes them unpopular with regulators.Those two are connected, as without the government tightening regulations against privacy coins or anonymous transactions, the demand wouldn’t have dropped. Even though Monero is still holding up with decent trading volume,( currently over $60 million) that’s mostly from day trading activity. There’s no real long-term demand driving it, so it’s likely that the price will eventually drop in the future.
