December could be a turning point for Monero and Zcash as they strive to lead in privacy-focused cryptocurrencies. Transaction volumes for these coins have risen, according to ChangeNOW, a service that allows cryptocurrency exchanges without registration. Savvy investors and large holders worried about fund safety are using ChangeNOW more, suggesting they are accumulating these coins for potential future growth.
Monero (XMR) Shows Potential Amid Bullish Indicators
Monero’s price currently ranges between $143.77 and $166.22. The 10-day Simple Moving Average is $157.13, which is above the 100-day average of $148.95, hinting at upward momentum. The Relative Strength Index sits at 49.45, indicating a neutral market. Over the past six months, Monero’s price has increased by 13.21%. The nearest resistance level is at $175, and if surpassed, the next target could be $198. The nearest support is at $130.94. These levels suggest potential for growth in Monero’s price. Platforms like ChangeNOW offer access to Monero with no registration and no hidden fees.
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Zcash Gains Momentum as Bulls Drive Price Towards Key Resistance
Zcash (ZEC) has been on an upward trajectory, with its price increasing over 30% in the past month and nearly 90% over the last six months. Currently trading between $37.93 and $49.53, it is approaching the nearest resistance level at $54. Technical indicators such as the Relative Strength Index at 61.87 and a positive MACD of 1.10 suggest bullish momentum may continue. If the price breaks through $54, the next target could be the second resistance level at $66.17, representing a significant potential rise from current levels. Market dynamics indicate that bulls are influencing Zcash’s performance, suggesting potential for further growth. Those interested in ZEC can access it on ChangeNOW with no registration and no hidden fees.
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Conclusion
December may prove to be a pivotal month for Monero and Zcash as they emerge as leaders in privacy-focused cryptocurrencies. These coins offer unique opportunities for investors and traders seeking enhanced privacy and security in their transactions. For those considering investing in Monero or Zcash, ChangeNOW is an excellent platform to facilitate these trades. It allows users to exchange, buy, or sell these coins without hidden fees and without the need for registration, adding an extra layer of 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 makes trading accessible and straightforward.