Monero (XMR) Price experienced significant growth in November, aligning with a strong month for privacy coins following the nullification of Tornado Cash sanctions.

The renewed interest in the sector drove gains across the top five privacy coins, with Monero rising 21% and maintaining its dominance as the largest privacy coin by market cap.

November Was a Great Month For Privacy Coins

November proved to be a standout month for privacy coins, driven by the nullification of Tornado Cash sanctions, which reignited interest in the sector.

All of the top five privacy coins recorded significant gains, with DASH taking the lead, surging an impressive 167%. This surge shows the renewed market confidence in privacy-focused assets following the regulatory shift.

Monero is the largest privacy coin by a considerable margin and its price increased 21% during the month. With a market cap larger than the combined value of the next four biggest privacy coins, XMR continues to dominate the space.

Monero DMI Shows The Current Uptrend Is Strong

Monero DMI chart reveals a strong trend as its ADX has climbed to 41.4, up from below 30 just a day ago, making it one of the biggest gainers among altcoins.

This sharp increase signals that the strength of XMR current trend has intensified significantly, reflecting heightened market momentum.

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Author: Tiago Amaral