Monero and Zcash stand as key figures in the ongoing privacy debate within the crypto world. Recent data from ChangeNOW reveals a surge in transaction volumes for these coins. ChangeNOW, a platform for anonymous cryptocurrency exchange, reports increased interest from investors prioritizing fund security. This trend might signal an accumulation phase, hinting at future growth for these privacy-focused cryptocurrencies.
Monero Gains Momentum as Bulls Target Key Resistance Levels
Monero’s price is climbing, hovering between $143 and $154. In the past week, it has gained over 5%, showing strong upward movement. The next obstacle for buyers is the $160 resistance level. If the price breaks through this, it could reach $172, offering significant potential gains. The Relative Strength Index is near 70, indicating increased buying interest. Despite this, the price is below the 10-day and 100-day moving averages, suggesting there is still room for growth. This setup appears favorable for those looking to purchase Monero, which can be done on ChangeNOW without registration or hidden fees.
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Zcash Gains Momentum as Bulls Eye Higher Levels
Zcash (ZEC) has seen a notable rise recently, with its price climbing over 24% in the past month. Currently trading near $35, it is approaching the nearest resistance level at around $43. If the bullish momentum continues, Zcash could break this barrier and aim for the next target near $53. Technical indicators like the MACD are showing positive signs, and the RSI suggests there’s still room for growth before reaching overbought territory. With a six-month increase of close to 60%, the trend appears strong. This favorable setup makes it an interesting time to consider adding Zcash to your portfolio, and platforms like ChangeNOW offer a seamless way to do so without registration or hidden fees.
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Conclusion
Monero and Zcash present unique investment opportunities with their strong focus on privacy. Monero stands out for its robust privacy features, while Zcash offers options for shielded transactions. Together, these coins emerge as key players for those prioritizing privacy. ChangeNOW provides an excellent platform for trading these coins. It allows users to exchange, buy, or sell them easily, without hidden fees or the hassle of registration. With support for over 900 types of cryptocurrencies, it offers the flexibility to conduct transactions without volume limits. Additionally, ChangeNOW lets users purchase cryptocurrencies using a bank card, and it enhances security by not storing user funds. As October unfolds, these aspects make Monero and Zcash appealing to consider.
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