Emerging cryptocurrencies like Zcash and Toncoin are gaining attention from investors looking to boost their portfolios. According to ChangeNOW, a platform for exchanging cryptocurrencies without registration, transaction volumes for these coins have increased. Savvy investors and large holders concerned about fund safety are using this service. The rising activity suggests accumulation, pointing to potential future growth for these assets.
Zcash Nears Oversold Territory, Potential for Bullish Reversal Looms
Zcash (ZEC) is currently trading between $42.93 and $49.53, with recent indicators suggesting a potential shift in market sentiment. The Relative Strength Index stands at 34.96, nearing oversold levels, while the Stochastic oscillator sits at 23.91. These figures may hint at a possible bullish reversal. The cryptocurrency has seen a 12.38% increase over the past month and a significant 63.89% rise over six months. Breaking above the nearest resistance level at $54.57 could open the path toward the second resistance at $66.17, representing a considerable potential gain. Traders are watching these levels closely, considering the current momentum and technical indicators. ZEC can be traded on ChangeNOW with no registration and no hidden fees.
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Toncoin Nears Support Levels with Signs of Potential Growth
Toncoin’s current price ranges between $5.03 and $5.78, close to its nearest support at $4.68. The 10-day simple moving average is $5.42, slightly below the 100-day average of $5.52, hinting at possible bullish momentum. The Relative Strength Index stands at 42.24, indicating the coin is not overbought. If Toncoin breaks above the resistance at $6.18, it could reach the next level at $6.92, an increase of around 18%. With the MACD at -0.0273 suggesting a shift in momentum, the current setup appears favorable for Toncoin. Notably, Toncoin can be purchased on ChangeNOW without registration or hidden fees.
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Conclusion
Zcash and Toncoin offer unique prospects for investors and traders. Zcash provides enhanced privacy features, appealing to those who value confidentiality in transactions. Toncoin, linked to The Open Network, brings opportunities in decentralized applications with its fast and scalable blockchain. For those considering these coins, ChangeNOW is an excellent platform for transactions. It allows users to buy, sell, or exchange these cryptocurrencies without hidden fees or the need for registration. Security is enhanced since user funds are not stored on the platform. With support for over 900 cryptocurrencies and no limits on transaction volumes, ChangeNOW offers flexibility. Plus, there’s the option to purchase crypto using a bank card, making the process convenient.