Privacy-focused cryptocurrencies are capturing increased interest amid the current altcoin upswing. Data from ChangeNOW, an exchange service requiring no registration, indicates rising transaction volumes for Monero (XMR) and Zcash (ZEC). This trend suggests that savvy investors and large holders concerned about fund safety are accumulating these coins, hinting at potential future growth for these privacy assets.
Monero (XMR) Gains Strength as Bulls Eye $268 Resistance
Monero’s price has been climbing, showing a 37% increase over the past month. Currently trading around $205, it has moved above the 100-day simple moving average of $191. The Relative Strength Index stands at 58, indicating positive momentum without being overbought. Bulls seem to be influencing the market, pushing toward the next resistance level at $268. If this level is surpassed, Monero could aim for the higher resistance at $333, potentially adding significant value.
The recent trends suggest strong growth potential. The current setup appears favorable for acquiring Monero, which is available on ChangeNOW with no registration and no hidden fees.
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Zcash Shows Potential for Growth Amid Oversold Market Conditions
Zcash (ZEC) has seen significant price movement recently. Over the past week, its price dropped by 17.56%, but it gained 38.91% over the past month and surged 156.88% in six months. Trading between $61 and $83, Zcash is approaching its nearest resistance level around $92. Technical indicators suggest bullish potential: the Relative Strength Index (RSI) is at 36.80, and the Stochastic oscillator is at 13.12, both signaling oversold conditions. The 10-day and 100-day Simple Moving Averages are close, hovering near $60, which could indicate a trend reversal. If the upward momentum continues, Zcash might reach higher resistance levels, possibly achieving substantial percentage increases.
For those ready to explore Zcash’s growth potential, ChangeNOW provides an optimal solution for buying and swapping Zcash, offering fast transactions and charging no hidden fees.
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Conclusion
Monero and Zcash offer unique opportunities for investors and traders interested in privacy-enhanced cryptocurrencies. Their focus on anonymity makes them appealing options in the current altcoin season. For those considering transactions with these coins, ChangeNOW is an excellent platform. It allows users to exchange, buy, or sell these cryptocurrencies without hidden fees or the need for registration. By not storing user funds, it enhances security. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW provides a convenient and secure way to engage with the crypto market.
