As the need for financial confidentiality continues to gain traction, privacy-focused cryptocurrencies like Monero (XMR) and ZCash (ZEC) are experiencing a notable surge in trading volume and market interest. These leading privacy tokens are designed to safeguard user identities and transaction details, catering to individuals and businesses valuing discretion in financial operations.
According to the latest data, Monero and ZCash have shown impressive weekly growth of approximately 25%, signaling heightened demand for privacy-centric solutions amidst increasing regulatory scrutiny. Monero with a market cap of $3.65 billion, remains a market leader due to its advanced anonymity features such as ring signatures and stealth addresses. Its robust technology has earned it widespread adoption and a 24-hour trading volume of $134.1 million.
ZCash with a market cap of $1.14 billion, stands out for its innovative use of zero-knowledge proofs, offering users the choice between privacy and transparency. With a 24-hour trading volume of $197.2 million, ZCash has seen strong interest from those who value flexibility in their transactions.
The rising engagement with these tokens highlights their significance in a landscape increasingly focused on decentralization and privacy. Data from ChangeNOW, a crypto exchange platform requiring no registration, shows increased activity for these coins. Savvy investors and large holders worried about fund safety are using ChangeNOW more, indicating an accumulation phase that could lead to future growth for these assets.
Monero Gains Momentum as Bulls Target Key Resistance Levels
Source: ChangeNOW
Monero’s price has risen from about $153 to $170, showing strong bullish movement. In the past week, it has increased over 25%, and the monthly gain is more than 26%. The Relative Strength Index stands around 53, indicating moderate buying interest. The nearest resistance level is $176, with another at $193. If the upward trend continues, Monero could reach these levels, potentially adding substantial gains. The stochastic indicator is near 83, suggesting the momentum may persist.
Current market conditions appear favorable for Monero. It is available on platforms like ChangeNOW, which offers transactions without registration and no hidden fees.
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Zcash (ZEC) Gains 200% in 6 Months: Will Bulls Push It to $92.17 and Beyond?
Source: ChangeNOW
ZEC has seen an impressive surge, climbing over 200% in the past 6 months. Currently trading between $48.50 and $66.90, it faces its nearest resistance at $73.76 and support at $36.97. The RSI is at 41.94, suggesting it’s not overbought, while the stochastic at 23.72 points to potential upward movement. If bullish momentum continues, Zcash could reach the second resistance level at $92.17, which would be a significant increase from current prices. With these indicators, the market seems influenced by bulls aiming for higher levels. This setup appears favorable for Zcash, which is available on ChangeNOW with no registration and no hidden fees.
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Conclusion
Monero and ZCash are offering distinct advantages to those interested in privacy-centric cryptocurrencies. Monero provides strong transaction anonymity with advanced cryptographic methods, making it a top choice for privacy seekers. ZCash, with its optional privacy features, allows users to decide between transparent and shielded transactions, appealing to a wide range of users. For individuals looking to invest or trade in these coins, ChangeNOW is an excellent platform. It enables users to exchange, buy, or sell Monero and ZCash without hidden fees or the need for registration. By enhancing security through not storing user funds, supporting over 900 cryptocurrencies, imposing no limits on transaction amounts, and offering the option to purchase crypto with a bank card, ChangeNOW simplifies the trading experience.
In addition to personal trading, ChangeNOW’s NOWPayments allow businesses to integrate Monero and ZCash payments with ease. By adopting these tools, companies can attract clients who value privacy coins, streamline their payment processes, and set up immediate transaction points. Whether an investor, trader, or business owner, ChangeNOW provides convenience, efficiency, and profitability to fulfill various cryptocurrency requirements as the interest in privacy coins continues to grow.
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