Monero and Zcash December 2024 Price Outlook—Here’s What to Expect

Monero and Zcash are experiencing a surge in transaction volumes. Data from ChangeNOW—a platform for exchanging cryptocurrencies without registration—shows this increase.

Savvy investors and whales concerned about the safety of their funds are turning to ChangeNOW. This growing activity suggests that investors are accumulating these coins, which may lead to potential price growth 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.

Zcash Gains Momentum as Bulls Eye Key Resistance Levels

Source: ChangeNOW

Zcash (ZEC) is showing strong signs of bullish momentum. Over the past six months, its price has increased by more than 100%. In the last week alone, it has risen by about 22%. Currently trading between $42.89 and $59.90, ZEC is approaching its nearest resistance level at $67. The 10-day Simple Moving Average is above the 100-day average, indicating an upward trend. If this momentum continues, ZEC could reach the next resistance level at $84.22, which would be a significant increase from current prices. 

With these positive indicators, the current setup appears favorable for purchasing Zcash, which can be done on ChangeNOW with no registration and no hidden fees.

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Monero Holds Steady Amid Market Fluctuations: Potential for Upside Breakout

Source: ChangeNOW

Monero (XMR) is trading between $153.97 and $168.43, close to its 10-day and 100-day simple moving averages around $157. Over the past week and month, prices dipped slightly, but the six-month change shows a gain of nearly 6%. The relative strength index sits at 50, indicating neutral momentum. The nearest resistance level is at $174.88; breaking above this could push prices toward the next resistance at $189.34. Support is found at $145.96, providing a solid base. 

With these technical indicators, Monero may be poised for growth. For those interested, Monero can be acquired on ChangeNOW without registration or hidden fees.

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Conclusion

In conclusion, Monero and Zcash offer distinct opportunities for investors and traders interested in privacy-oriented cryptocurrencies. Monero is celebrated for its robust focus on transaction anonymity, while Zcash provides optional privacy features with its shielded transactions. For those considering investing in these coins, ChangeNOW presents an excellent platform. It enables users to exchange, buy, or sell cryptocurrencies without hidden fees and without requiring registration, enhancing security by not holding user funds. Supporting over 900 cryptocurrencies, ChangeNOW imposes no limits on transaction volumes, and users have the option to purchase crypto with a bank card. ChangeNOW offers a seamless way to engage with Monero, Zcash, and a wide array of other cryptocurrencies.

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Alexander Stefanov