Monero and Zcash Plummet Over 28%, ZANO Resilient Amid Market Dip

In the last week, Monero and Zcash experienced significant losses, while ZANO remained stable despite the extreme fear in the market.

In a tumultuous week for the cryptocurrency market, Monero (XMR) and Zcash (ZEC) saw dramatic declines of 28.9% and 33.4%, respectively. XMR's price fell to $311, while ZEC dropped to $221, reflecting the current bearish sentiment amidst a broader market downturn.

Contrastingly, ZANO exhibited remarkable stability, with only a minor decrease of 1.4% during the same period. This resilience comes as the Fear & Greed Index plummeted to 9 on February 6, indicating a state of extreme fear among investors.

The substantial losses for Monero and Zcash are notable as they grapple with market conditions that have heavily impacted many cryptocurrencies. Meanwhile, ZANO's slight decline showcases its relative strength and potential appeal during this challenging phase.