Monero, Kyber Network and Tornado Cash break out as traders pile into privacy protocols

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Monero, Kyber Network and Tornado Cash break out as traders pile into privacy protocols
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Some traders need privacy. Altcoins XMR, KNC, and TORN tail Bitcoin’s surge, amid ongoing regulatory concerns and international sanctions.

Monero is one of the longest-running privacy-focused protocols in the cryptocurrency market and the project is popular among investors looking to make private, anonymous transactions.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for KNC back on Jan. 22, prior to the recent price rise.As seen in the chart above, the VORTECS™ Score for KNC hit a high of 77 on Jan. 22, around 48 hours before the price began to climb 148.58% over the next six weeks. The climbing price of TORN follows the release of the protocol’s new decentralized relayers network, which helps maintain privacy during the withdrawal process on the platform. Those interested in becoming part of the relayers network are required to stake a minimum of 300 TORN.

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