Monero is one of the best (if not the best) privacy-oriented cryptocurrencies in the world. Anonymity is enforced by default, making sure your transactions are safe from prying eyes. It's no wonder why XMR is the top privacy coin in market cap. Competitors like DASH, Zcash, BEAM, and even Grin don't stand a chance against Monero's ever-growing user base and mainstream demand. Yet, non-privacy coins are faring better on the market with higher gains within such a short amount of time.
First of all I don’t think that the price of Monero (XMR) has anything to do with the government and whatever that they are doing. Personally, I don’t think that a lot of people are after privacy coins, a lot of them will prefer to invest their money in bitcoin and wouldn’t put it in all these privacy coins.
But, that doesn’t mean I am trying to say that these coins are not good, because they are very good. These days I hardly hear or see anything about them at all. It’s been a long time I have seen anyone mention ZCash, and I have already forgotten about it until I discovered.