Monero and Zcash Rally as MemeToro Publishes Public Smart Contract Rules
The privacy coin market is seeing renewed interest, particularly in Monero and Zcash. Both assets have shown stronger market structures recently.
Monero has broken a descending trendline that had capped its price since January and is now trading near $580. The next key price level for XMR is $585.37, which it needs to move above and hold to validate the broader breakout.
Meanwhile, Zcash has surged over 200% in three months and remains above $1,500 after another strong weekly gain. A 3-for-1 stock split is planned to improve the fund's accessibility and liquidity, while a network upgrade scheduled for November 5 aims to reduce block-generation times.
MemeToro, an early project focused on AI-guided creation and transparent allocation rules, has released public smart contract rules for its planned BNB Chain memecoin launches. The proposed contract rules include fixed contributor and liquidity allocations, no developer-insider allocation in the stated split, refund and planned liquidity pathways, and public functions for claims and finalization.