Altcoin News

Monero and Particl (PART) surge as privacy coins dominate the market

Monero, the worlds most popular privacy coin with a host of other privacy coins have been seeing a steady increase in price since the announcement of  Verge partnering with Pornhub was made public. Pornhub, a leading pornographic video sharing site made this announcement on the 17th of April and that has resulted to a flowing wave of investors into other privacy coins with Monero, Dash and Particl experiencing a price surge as a result of the announcement.

On the 17th of April, Monero was trading at $193 but later saw its price increase to about $232 on the 18th of April, just a few hours after the announcement was made. Dash also felt an effect of the Verge and Pornhub partnership as it saw its price pick up from $360 to about $414 just hours after the announcement was made.

According to the global adult website  “The future is now. To maintain our community’s privacy and payment preferences, the site will now be accepting verge as a means of payment for services like Pornhub premium and more, on our platforms. Building on verge’s core values of security, anonymity, and practicality, the introduction of this digital coin as a means of payment, the company signifies a crucial foray into the future for the industry that is always at the forefront of adopting new technology.”

Another underdog privacy coin which saw a surge in price was Particl (PART). The coin which is designed for use in voting, marketplace and messaging saw its price increase by over 25% following the announcement. Other privacy coins like Zcash, NavCoin and PIVX also witnessed some movements.

Since more companies have started investing in privacy coins, traders have begun seeing their potential thus making more purchases as they brace for a bright future as privacy coins dominate the space.

Do you anticipate that more companies will invest in privacy coins as they continue to perform well?

Share your thoughts in the comment section below

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coinmag

Having contributed to many leading financial blogs, Ken's love for cryptocurrencies and the blockchain technology has him on high alert on all price developments within the cryptocurrency sphere.

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