Monero (XMR) and Zcash (ZEC) Show Signs of Potential Growth in December

Monero and Zcash are among the few cryptocurrencies that focus on privacy. There are signs they may see significant growth in December.

Cryptocurrencies that prioritize privacy, such as Monero and Zcash, could experience significant growth in December.

According to ChangeNOW, a service that allows users to exchange cryptocurrencies without the need for registration, the volume of transactions for both Monero and Zcash has seen a notable increase. This activity suggests that investors may be accumulating these coins, potentially leading to future growth in their value.

Zcash, in particular, has shown strong bullish momentum. Its price has been fluctuating between $37 and $49, with recent gains amounting to over 16% in the past month and nearly 70% over six months.

The Relative Strength Index (RSI) for Zcash is currently above 56, indicating upward price pressure. As the price continues to rise, it approaches the next resistance level at $54. If this resistance is breached, the price could continue to rise towards the next target of around $66.

The Simple Moving Averages (SMAs) over 10 and 100 days are positioned below the current price, further supporting the upward trend. With this setup, Zcash is certainly a coin to watch in the coming days.

Those interested in trading Zcash can do so easily and quickly on ChangeNOW, without any registration or hidden fees. Click on the banner below to get started.

Monero, on the other hand, is currently trading within a range of $159-$170, with recent indicators presenting mixed signals.

The RSI for Monero is close to 50, indicating a neutral market condition, while the stochastic value is below 40, suggesting potential for upward price movement.

Over the past six months, Monero's price has risen by over 15%, pointing to possible bullish momentum. If the price breaks above the nearest resistance around $175, it could aim for the next resistance level near $200, presenting a potential gain of over 15%.

These developments make Monero's current market position particularly noteworthy for those following cryptocurrency trends. XMR is available on ChangeNOW with no registration and no hidden fees. Click on the banner below to trade XMR quickly and easily.

In conclusion, both Monero and Zcash offer unique value propositions within the cryptocurrency landscape, especially for those prioritizing privacy. Their dedication to anonymity sets them apart in the market and makes them attractive to a specific audience.

For individuals considering trading or investing in these coins, ChangeNOW provides an excellent platform to facilitate your endeavors. It allows users to exchange, buy, or sell cryptocurrencies like Monero and Zcash without the burden of hidden fees or the need for registration. By not storing user funds, ChangeNOW enhances the security aspect for its users.

Moreover, ChangeNOW supports over 900 different cryptocurrencies, catering to a wide range of preferences. It also imposes no limits on transaction volumes and offers the option to purchase crypto using a bank card for added convenience. This makes ChangeNOW a secure and convenient choice for managing your cryptocurrency transactions.