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. Savvy investors and whales, concerned about fund safety, use ChangeNOW. The growing transactions suggest investors are accumulating these coins, which may signal future growth.
Monero Shows Potential Amid Market Fluctuations
Monero’s 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 like the Relative Strength Index 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. The 10-day and 100-day Simple Moving Averages are close, at $187.48 and $188.96 respectively, indicating potential consolidation.
For those interested, Monero is available on ChangeNOW without the need for registration or hidden fees.
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Zcash Gains Momentum with Bulls in Control, Potential for Further Growth
Zcash is on 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 like 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 suggest a positive setup for those considering adding Zcash to their portfolio. It’s available on ChangeNOW with no registration and no hidden fees.
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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. Supporting over 900 cryptocurrencies, ChangeNOW imposes no limits on transaction volumes and offers the convenience of purchasing crypto with a bank card. This makes it a flexible and user-friendly option for all crypto enthusiasts.