Monero and Zcash stand as central figures in the ongoing privacy debate in the cryptocurrency world. Recent data from ChangeNOW reveals that the trading volume of these coins has skyrocketed. ChangeNOW, an anonymous crypto exchange platform, has reported growing interest from investors who prioritize the safety of their funds. This trend may indicate an accumulation phase and suggests future growth for these privacy-focused cryptocurrencies.
Monero gains momentum as bulls target key resistance levels
The price of Monero has been rising, hovering between $143 and $154. It's up more than 5% over the past week, showing a strong upward trend. The next hurdle for buyers is the $160 resistance level. If the price breaks above this, it could reach $172, which could result in significant profits. The relative strength index is near 70, indicating increased buying interest. Despite this, the price remains below the 10-day and 100-day moving averages, suggesting there is still room for growth. This setup appears to be advantageous for those looking to purchase Monero, which can be purchased on ChangeNOW without registration or hidden fees.
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Zcash gains momentum as bullseye level rises
Zcash (ZEC) has seen a notable rally recently, with its price increasing by over 24% over the past month. It is currently trading around $35, approaching the immediate resistance near $43. If this bullish momentum continues, Zcash could break through this barrier and target its next target near $53. Technical indicators such as the MACD are showing encouraging signs and the RSI suggests there is still room for growth before reaching overbought territory. This trend seems to be strong, with an increase of nearly 60% in six months. 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 are privacy-focused and offer unique investment opportunities. Monero stands out for its robust privacy features, while Zcash offers the option of shielded transactions. Together, these coins play an important role for people who prioritize privacy. ChangeNOW provides an excellent platform to trade these coins. This allows users to easily exchange, buy, and sell without hidden fees or cumbersome registration. It supports over 900 cryptocurrencies, giving you the flexibility to execute transactions without quantity limits. Additionally, ChangeNOW allows users to purchase cryptocurrencies using bank cards, increasing security by not storing users' funds. These aspects make Monero and Zcash attractive to consider as October progresses.
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