it seems that the privacy coin has always been against the government. I used to just think this coin has a slow trend because the privacy part of the coin doesn't have the hype like utility coins. but with various government regulations also making privacy coins very difficult to move around, it would be better to choose to invest in coins that are high hype or have good utility.
did you see when war between Rusia and Ukrania happen , privacy coins price increase ? it will be usefull in this kind condition , so government will never could banned it because its demand good enough. investors will safe this privacy coin for their business, sometimes using fiat or other crypto currency was not safe so this is the solution.