Monero

Monero (XMR) is a privacy-focused cryptocurrency that was launched in April 2014 as a fork of the Bytecoin blockchain.

The worst-performing tokens continue to decline despite Bitcoin's incredible bull run.

The best performing altcoins are trading in a positive trend zone as they return to previous highs. HYPE has recovered from its recent slump.

The altcoins listed below are the underperforming cryptocurrencies. The altcoins are in a horizontal trend after exhausting the bearish momentum. Other cryptocurrencies rallied when the bulls broke above the moving average lines.

The altcoins listed below have extended their downtrend and fallen below the moving average lines.

The worst-performing cryptocurrencies have fallen dramatically and are now at the bottom of the chart.

Bitcoin has regained the psychological price level of $40,000. However, it is doubtful whether the bullish momentum can be sustained above this high. The cryptocurrency is trading in the downtrend zone and lacks buyers at a higher price level.

Privacy coins have been a quite controversial topic for long. While many users favour them as a way to preserve their privacy, cryptocurrency exchanges and regulators are against them. But do they really pose a threat?

Privacy coins have been the lasting concern of the governments and financial authorities. Their enhanced anonymity features allow to use the coins for illegal purposes such as tax evasion, money-laundering, terrorism financing, drug trading, cryptojacking, etc.