Zcash popularity

[ABCbits]

Does anyone remember when people compare Zcash with Monero? I see less people make such comparison these days, which makes me wonder about Zcash's current popularity. So i did quick research and here are what i found.
1. There's only 4143 TX created in last 24 hours[1]. For comparison, DASH have 13091 and Monero have 26693 TX[2] in last 24 hours[3].
2. Looking at Zcash website[4], it shows many mobile wallet which support Zcash. Although only one of them support desktop, excluding Zcash full node software.
3. Early 2023, Zcash position on CMC was 55[5]. But now, it's at 126.

It seems Zcash is less popular. Do you also think Zcash popularity is fading?

[1] https://bitinfocharts.com/zcash/
[2] https://bitinfocharts.com/dash/
[3] https://bitinfocharts.com/monero/
[4] https://z.cash/ecosystem/?wallets=#][url]https://z.cash/ecosystem/?wallets=#[/url]
[5] https://coinmarketcap.com/historical/20230101/

[Zed0X]

There's no doubt they dropped in popularity and newer trends have overtaken them. Privacy, anonymity, and even decentralization are no longer the reasons why most people buy today. The anti-privacy laws/policies launched by international groups heavily affected Zcash and other privacy coins too.

[ABCbits]

The anti-privacy laws/policies launched by international groups heavily affected Zcash and other privacy coins too.

And it turns out such law don't care whether the privacy feature is optional or mandatory. I expect that leave Zcash in awkward position.

[Zed0X]

The anti-privacy laws/policies launched by international groups heavily affected Zcash and other privacy coins too.

And it turns out such law don't care whether the privacy feature is optional or mandatory. I expect that leave Zcash in awkward position.

That optional privacy probably hurt them too. I think they ruined their own reputation when they started releasing statements about how the transactions are not anonymous as Monero but closer to Bitcoin's privacy. That looked like turning their backs on their long time users to avoid exchange delisting and other potential sanctions.

[Stompix]

Does anyone remember when people compare Zcash with Monero? I see less people make such comparison these days, which makes me wonder about Zcash's current popularity.

Monero isn't doing that well either,  privacy coins despite gaining track a bit while replacing Bitcoin on darknet markets have done little in other areas, and it's a bit different from the average user profile, those that use it as a currency and in other coins those that store it and just help the price go up.
Not only this but Zcash has a problem also, when you already have a privacy coin accepted on most sites, why would you need a second one? A bit like the USD and other fiat currencies.

Privacy, anonymity, and even decentralization are no longer the reasons why most people buy today.

With that much talk about privacy it's quite funny sometimes to see people mentioning this, yeah privacy doesn't sell anymore and most are in for the $.

[ABCbits]

I think they ruined their own reputation when they started releasing statements about how the transactions are not anonymous as Monero but closer to Bitcoin's privacy. That looked like turning their backs on their long time users to avoid exchange delisting and other potential sanctions.

I never hear statement from Zcash developer or community, although i remember DASH did that[1].

Does anyone remember when people compare Zcash with Monero? I see less people make such comparison these days, which makes me wonder about Zcash's current popularity.

Monero isn't doing that well either,  privacy coins despite gaining track a bit while replacing Bitcoin on darknet markets have done little in other areas, and it's a bit different from the average user profile, those that use it as a currency and in other coins those that store it and just help the price go up.

That seems to be general opinion. Although few online shop report XMR is more used than BTC[2-3].

Not only this but Zcash has a problem also, when you already have a privacy coin accepted on most sites, why would you need a second one? A bit like the USD and other fiat currencies.

That makes sense, unless they happen to 3rd party service which also let them accept ZEC with little or no additional cost.

[1] https://cointelegraph.com/news/following-delisting-dash-pushes-back-against-privacy-coin-label
[2] https://x.com/CoinCards/status/1809702144288882870
[3] https://x.com/shopinbit/status/1811651225005195471

[KryptoBull]

There's no doubt they dropped in popularity and newer trends have overtaken them. Privacy, anonymity, and even decentralization are no longer the reasons why most people buy today. The anti-privacy laws/policies launched by international groups heavily affected Zcash and other privacy coins too.

I think we don't have many users who care about the anonymity of crypto, the majority are investors and only focus on profits. When privacy coins are suppressed and can't increase in price due to decreased liquidity, investors tend to seek out other newer tokens that are easier to pump.

ZEC and many other privacy coins won't disappear but it will be difficult for them to succeed like they did before 2020. They will continue to serve a small group of users who truly need anonymity to avoid trouble when participating in this market.

[Stompix]

I think we don't have many users who care about the anonymity of crypto, the majority are investors and only focus on profits.

Yes, you just draw the line between two kinds of people!
Users, the guys who actually use crypto and investors, the guys who don't care what that thing does, how it works or what it is, that don't really want to hold even real crypto in their wallets, and who are interested in returns only!

That's why those numbers like 10-20% of the population being crypto users are just wrong, real crypto usage is in numbers behind the decimal, unfortunately.