2024-12-19 16:28 |
The demand for secure, anonymous transactions is surging as concerns over digital surveillance, data breaches, and financial autonomy grow. Privacy coins like Monero (XMR) and Zcash (ZEC) have emerged as key solutions for individuals seeking to protect their financial data from government overreach, corporate tracking, and cybersecurity threats. In a world increasingly dominated by centralized control and regulatory crackdowns, these privacy-focused cryptocurrencies are eyeing a breakout in the coming year.
Monero (XMR) Shows Bullish Momentum with Potential for Further GrowthSource: ChangeNOW
Monero (XMR) is exhibiting bullish signs. In the past month, its price has increased by over 40%. Currently trading between $172 and $250, the cryptocurrency is gaining upward momentum. Indicators like the RSI near 58 and a positive MACD support this trend. The nearest resistance level is at $278. If Monero surpasses this, it could target the next resistance around $356, representing a significant increase from current prices. Support is found at approximately $122. The 10-day moving average is slightly above the 100-day average, indicating a positive short-term trend. These factors suggest Monero may continue to rise.
As privacy takes center stage, platforms like ChangeNOW make Monero accessible with no registration, no custody, and zero hidden fees, keeping transactions simple and secure.
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Zcash Up 170% in Six Months Despite Recent Dip: Bulls Eye $86 ResistanceSource: ChangeNOW
Zcash (ZEC) has surged over 170% in the past six months. Despite an 8% drop this week, the price remains between $47 and $72. The Relative Strength Index sits at 35, and the Stochastic indicator is near 12, suggesting the market is oversold. The nearest support level is at $36, while resistance is at $86. Breaking above this resistance could see the price reaching $111, offering significant potential gains. The 10-day and 100-day Simple Moving Averages are around $55 and $57, indicating price consolidation.
With these factors in play, the current setup appears favorable for Zcash. For those keeping an eye on privacy coins like Zcash, ChangeNOW provides access without registration, custody, or hidden fees.
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ConclusionIn summary, Monero (XMR) and Zcash (ZEC) offer unique benefits to investors and traders seeking privacy in their cryptocurrency transactions. Their potential to break out by 2025 positions them as compelling choices in the market. For those interested in dealing with these coins, ChangeNOW provides an excellent platform. It enables users to exchange, buy, or sell XMR and ZEC without any hidden fees or the need for registration, enhancing security by not storing user funds. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW simplifies the process of engaging with a wide range of cryptocurrencies.
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