bitcoin
bitcoin

$94763.08 USD 

-2.20%

ethereum
ethereum

$3556.94 USD 

-1.56%

tether
tether

$1.00 USD 

-0.13%

solana
solana

$235.56 USD 

-2.74%

bnb
bnb

$652.53 USD 

1.49%

xrp
xrp

$1.48 USD 

-1.87%

dogecoin
dogecoin

$0.396648 USD 

-2.17%

usd-coin
usd-coin

$0.999953 USD 

-0.01%

cardano
cardano

$0.999749 USD 

-2.74%

tron
tron

$0.202150 USD 

0.17%

avalanche
avalanche

$42.13 USD 

-3.59%

toncoin
toncoin

$6.43 USD 

0.26%

shiba-inu
shiba-inu

$0.000025 USD 

-1.47%

stellar
stellar

$0.477742 USD 

-4.86%

polkadot-new
polkadot-new

$8.49 USD 

0.05%

Cryptocurrency News Articles

Monero (XMR) and Zcash (ZEC) Show Potential for Growth in the Privacy-Focused Cryptocurrency Market

Nov 28, 2024 at 11:09 pm

As the crypto market anticipates a significant rally in 2025, selecting the right privacy-focused cryptocurrency becomes crucial for protecting investments.

Monero (XMR) and Zcash (ZEC) Show Potential for Growth in the Privacy-Focused Cryptocurrency Market

As the crypto market anticipates a significant rally in 2025, selecting the right privacy-focused cryptocurrency becomes crucial for protecting investments. Among the vast crypto landscape, two coins that have consistently shown potential are Monero (XMR) and Zcash (ZEC). Both coins are designed to provide users with enhanced anonymity and privacy when making transactions. Notably, ChangeNOW, a platform for exchanging cryptocurrencies without registration, has reported increasing transaction volumes for XMR and ZEC. This trend suggests that investors are accumulating these coins, indicating potential growth in the future.

Let's take a closer look at the recent market movements and technical indicators for Monero and Zcash.

Monero (XMR) Shows Potential Amidst Market Movements

Over the past 24 hours, Monero's price has ranged between $153.97 and $168.43. According to the Relative Strength Index (RSI), the market is approaching oversold conditions, with an RSI value of 37.60. The price is also close to the 10-day moving average ($157.25), which is slightly lower than the 100-day average ($161.42). The nearest resistance level is at $174.88; if this level is crossed, the next target is $189.34. Reaching this level could indicate an increase of about 20%. Over the past six months, Monero's price has risen by 10.88%, showing signs of bullish momentum despite recent declines.

Based on these technical indicators, Monero may have room for growth if market conditions improve. For those interested in this coin, Monero is available for purchase on ChangeNOW with no registration and no hidden fees.

Zcash Shows Potential for Growth Amid Market Trends

Zcash (ZEC) is currently trading between $42.89 and $59.90. Over the past month, its price has increased by 32.78%, and in the last six months, it has risen by 71.25%. The nearest resistance level is at $67.21, while support is around $33.19. Technical indicators like the Relative Strength Index at 31.52 suggest that the market may be leaning toward bullish activity. The 10-day and 100-day Simple Moving Averages (SMAs) are close, indicating a possible trend shift. If the upward momentum continues, Zcash could reach the next resistance level, marking a significant percentage increase from current prices.

This setup appears favorable for those interested in Zcash, which can be traded on ChangeNOW with no registration and no hidden fees.

Conclusion

Both Monero and Zcash offer unique advantages in the realm of privacy-focused cryptocurrencies. Monero stands out with its strong privacy features, appealing to those who value confidential transactions. Zcash, on the other hand, provides greater flexibility by allowing users to choose between shielded and transparent transactions, catering to varied privacy preferences. For those who are interested in investing or trading in these coins, ChangeNOW serves as an excellent platform. It enables users to exchange, buy, or sell Monero and Zcash without encountering hidden fees and without requiring registration. Moreover, the platform prioritizes security by not storing user funds. With support for over 900 cryptocurrencies and no limits on transaction volumes, ChangeNOW offers great flexibility. Additionally, users have the option to purchase crypto using a bank card. By highlighting the unique advantages of Monero and Zcash, and facilitating their acquisition, ChangeNOW aims to empower investors and traders in making informed decisions.

News source:bitcoinist.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Nov 29, 2024