Privacy Coins Monero and Zcash Show Potential Amid Market Fluctuations

As the holidays approach, attention in the crypto market turns to privacy coins like Monero and Zcash. ChangeNOW, a service for exchanging cryptocurrency without registration, reports increased transactions for these coins.

As the holiday season approaches, attention within the crypto market is turning toward privacy coins, such as Monero (XMR) and Zcash (ZEC). In particular, ChangeNOW, a service that enables users to exchange cryptocurrency without the need for registration, is reporting increased transactions for these coins.

According to the press release shared with CryptoSlate, these transactions are being undertaken by "savant investors and whales," who are accumulating these coins, possibly signaling future growth.

Highlighting the potential of XMR, the press release notes that its price has been fluctuating between $160.22 and $226.69. Over the past month, it rose by 14.63%, despite a recent one-week drop of 12.59%.

Technical indicators, such as the Relative Strength Index (RSI) at 38.21 and the Stochastic at 15.10, suggest that the cryptocurrency might be oversold. If the price moves upward, it could reach the nearest resistance level at $262.96, which would be a significant increase from current levels.

Meanwhile, the 10-day and 100-day Simple Moving Averages (SMAs) are close, at $187.48 and $188.96 respectively, indicating potential consolidation.

For those interested, XMR is available on ChangeNOW without the need for registration or hidden fees.

Zcash (ZEC) gains momentum with bulls in control, potential for further growth

Turning our attention to Zcash, the press release highlights a strong upward trend, with its price increasing over 23% in the past week and more than 42% in the past month.

Currently trading between $46 and $66, it is approaching the nearest resistance level around $73. The 10-day moving average is above the 100-day, signaling bullish momentum.

Technical indicators, such as the RSI near 63 and a positive MACD, support this trend. If bulls maintain control, Zcash could target the next resistance near $93, representing a significant potential increase.

The market conditions are setting up a positive scenario for those considering adding Zcash to their portfolio. It’s available on ChangeNOW with no registration and no hidden fees.

Conclusion

In conclusion, XMR and ZEC offer distinctive opportunities for investors and traders during this holiday rally. XMR provides advanced privacy features, attracting those who prioritize confidentiality in their transactions.

ZEC also emphasizes privacy through its sophisticated encryption methods. For individuals considering investing in these cryptocurrencies, ChangeNOW is an excellent platform for transactions.

It enables users to exchange, buy, or sell these coins without hidden fees or the need for registration, enhancing security by not storing user funds.

Moreover, ChangeNOW supports over 900 cryptocurrencies and imposes no limits on transaction volumes. It also offers the convenience of purchasing crypto with a bank card, making it a flexible and user-friendly option for all crypto enthusiasts.