Monero and Zcash Fall Over 28% in Past Week, but Privacy Peer ZANO Holds Steady

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Fear & Greed Index plummets to 9, sparking intense volatility in crypto markets.

Published Feb. 6, 2026 at 3:40 pm UTC

Monero and Zcash Fall Over 28% in Past Week, but Privacy Peer ZANO Holds Steady

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XMR dropped to $311 and ZEC to $221 over seven days while ZANO declined just 1.4% as Fear & Greed hit 9.

Key Notes

Monero fell 28.9% and Zcash dropped 33.4% over the past week while ZANO declined just 1.4%
Fear & Greed Index fell to 9 on Feb. 6, classified as extreme fear, down from 16 one week earlier
Total crypto market liquidations hit $2.60 billion in 24 hours with longs accounting for $2.13 billion

Monero and Zcash, the two largest privacy coins by market cap, fell 28.9% and 33.4% respectively over the past week as broader crypto markets dropped deeper into extreme fear territory. ZANO, a smaller privacy-focused blockchain ranked 224th by market cap, declined just 1.4% over the same period.

Monero traded at $311.40 on Feb. 6, down from a seven-day high of $487.87. Zcash fell to $221.61, with its weekly high at $341.46.

Both tokens hold far larger market caps than ZANO, with Monero at $5.74 billion and Zcash at $3.66 billion compared to ZANO's $130.81 million. No clear reason was identified for the performance gap between ZANO and its larger peers.

ZANO traded at $8.63 on Feb. 6, ranging between $8.60 and $9.50 during the week. Its 24-hour trading volume sat at $2.34 million, up 66% from the prior day, according to CoinGecko data. The token remains 51.5% below its all-time high of $17.81, set on Jan. 7, 2025.

What Is Zano

Zano is a privacy-focused blockchain launched in 2019 by one of the original Monero core contributors. It uses two security methods, proof-of-work and proof-of-stake, to protect its network. Unlike Monero, which handles private payments only, Zano also supports Confidential Assets, a feature that lets other projects create privacy-protected tokens on its chain.

The project has integrated with Cake Wallet and Bitcoin.com Wallet. A 2025 partnership with DFX also enables spending ZANO at over 100 SPAR supermarkets in Switzerland.

Project Developments

The team has released its 2026 roadmap outlining a series of major protocol upgrades focused on privacy, interoperability, and network resilience. The plan includes Hard Forks 6 and 7, which will introduce Gateway Addresses, a full upgrade to Proof-of-Stake consensus, and native ZANO integration on the Confidential Layer Bridge, enabling cross-chain transfers while preserving transaction confidentiality.

Zano releases its 2026 roadmap, outlining major upgrades such as hard forks 6 & 7, bringing Gateway Addresses, a Full Proof-of-Stake consensus upgrade, Native $ZANO integration on the Confidential Layer Bridge, and much more! 🔒

Full roadmap available here:… pic.twitter.com/jxYYywT12f

— Zano (@zano_project) January 8, 2026

ZANO has attracted public support from Roger Ver, the early Bitcoin investor and Bitcoin Cash advocate. Ver has discussed the project in interviews and on social media, citing founder Andrey Sabelnikov's background as one of the original CryptoNote developers, the privacy protocol that Monero later forked from. Ver was an early proponent of larger Bitcoin block sizes and later backed Bitcoin Cash following the 2017 fork.

Market Conditions

The Fear & Greed Index dropped to 9 on Feb. 6, classified as extreme fear, down from 16 one week prior, according to Alternative.me. Total crypto market capitalization fell 5.70% over 24 hours to $2.34 trillion.

Total crypto market liquidations, where leveraged positions are automatically closed, reached $2.60 billion over 24 hours, according to Coinglass data. Bets on rising prices accounted for $2.13 billion of that total.

Token Context

Data from the project showed approximately 70% of ZANO‘s 15.14 million circulating supply was staked, meaning those tokens are locked into the network rather than available for trading as of August 2025.

The project's December 2025 update reported that total value locked, a measure of assets deposited across the network's applications, had crossed $18 million. A 2026 roadmap includes a network security upgrade and a lightweight wallet launch.

Disclaimer: This is a sponsored post. CryptoSlate does not endorse any of the projects mentioned in this article. Investors are encouraged to perform necessary due diligence.

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