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On Tuesday morning trading, privacy-focused cryptocurrencies Monero (XMR) and Dash (DASH) surged significantly, outperforming other major cryptocurrencies. XMR increased by as much as 29%, hitting a new all-time high above $680, with an annual gain of 56%; DASH also rose by 19%. Trading volume surged, with DASH's volume nearly tripling. In comparison, Bitcoin and Ethereum only increased by 1.75% and 0.74%, respectively. Analyst Bobby pointed out that funds are shifting from the underperforming privacy coin Zcash (ZEC) to XMR, stating, “One ‘sister coin’ price skyrocketed, while the other plummeted.” Technical indicators for XMR show a “buy” signal.