Monero and Zcash are among the few cryptocurrencies that focus on privacy. There are signs they may see significant growth in December. According to ChangeNOW, a service that allows users to exchange cryptocurrencies without registration, the volume of transactions for Monero and Zcash has increased. This suggests investors are accumulating these coins, possibly leading to future growth.
Zcash Shows Bullish Signs with Potential to Reach New Resistance Levels
Zcash is showing positive momentum, with its price moving between $37 and $49. Recent gains of over 16% in the past month and nearly 70% in six months suggest bullish influence. The Relative Strength Index is above 56, indicating upward pressure. The price is approaching the nearest resistance level at $54. If this is surpassed, the next target could be around $66. The Simple Moving Averages over 10 and 100 days are lower than the current price, supporting the upward trend. With this setup, Zcash could be the coin to watch. ChangeNOW offers an easy way to trade Zcash without registration or hidden fees.
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Monero Shows Signs of Potential Growth Amid Market Movements
Monero is trading between $159 and $170, with recent indicators showing mixed signals. The Relative Strength Index is close to 50, suggesting a neutral market, while the stochastic value below 40 may hint at potential for upward movement. Over the past six months, Monero’s price has increased by over 15%, pointing to possible bullish momentum. If the price breaks above the nearest resistance level around $175, it could aim for the next resistance near $200, representing a potential gain of more than 15%. These developments make Monero’s current market position noteworthy for those following cryptocurrency trends. XMR is available on ChangeNOW with no registration and no hidden fees.
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Conclusion
In conclusion, Monero and Zcash offer unique possibilities for those interested in privacy-focused cryptocurrencies. Their dedication to anonymity distinguishes them in the market. For individuals considering trading or investing in these coins, ChangeNOW provides an excellent platform. It enables users to exchange, buy, or sell these cryptocurrencies without hidden fees or the need for registration. By not storing user funds, it enhances security for users. Additionally, ChangeNOW supports over 900 different cryptocurrencies, imposes no limits on transaction volumes, and offers the option to purchase crypto using a bank card. This makes it a convenient and secure choice for managing cryptocurrency transactions.
