Monero & Zcash: Are These Privacy Strongholds Poised for Big Gains in December?

Privacy-focused cryptocurrencies like Monero and Zcash might see significant growth this December.

ChangeNOW, a platform for exchanging cryptocurrencies without registration, reports increased transaction volumes for these coins. It is used by savvy investors and large holders worried about the security of their funds. The rising activity suggests investors are accumulating, indicating these coins may grow in the future.

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

Monero (XMR) Shows Signs of Bullish Momentum Amid Price Fluctuations

Monero (XMR) is currently trading between $143 and $166. Over the past week, its price has increased by 8%, showing signs of bullish interest. The Relative Strength Index (RSI) stands at 42, indicating a neutral market, but the Stochastic oscillator at 25 suggests it’s nearing oversold territory. This could signal a potential upward movement. The nearest resistance level is $175, and breaking through this level might push the price toward the next resistance at $198, which is about a 20% increase. The 10-day and 100-day Simple Moving Averages are close, around $160, suggesting consolidation before a possible breakout. The MACD level is slightly negative at -0.20, but overall indicators hint at a bullish trend. 

Given the current favorable setup, Monero can attract the attention of savvy investors who can trade this coin on ChangeNOW with no registration and no hidden fees.

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Zcash Gains Momentum: Bulls Target Higher Resistance Levels

Zcash (ZEC) has been on an upward trend, gaining over 20% in the last week and nearly 70% in six months, indicating bullish influence in the market. Trading between $37 and $50, the cryptocurrency shows signs of potential growth. The Relative Strength Index is around 50, suggesting momentum may be building. If the bullish trend continues, Zcash could break through the nearest resistance level at $54 and aim for the next at $66, which would be a substantial increase from its current price. 

With these positive indicators, the current setup seems favorable for Zcash. This coin is available on ChangeNOW without the need for registration or hidden fees.

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Conclusion

In summary, Monero and Zcash offer unique opportunities for investors and traders interested in privacy-focused cryptocurrencies. ChangeNOW provides a convenient platform for exchanging, buying, or selling these coins without hidden fees or the need for registration. It enhances security by not storing user funds. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW makes managing your crypto transactions straightforward and secure.

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.