December 29th is the last day before most exchanges will be closed for the holiday, so you’ll want to make your purchase while you still can. Here are our top 3 privacy-oriented tokens that we’re gonna recommend buying on December 29th: Monero (XMR), ZCash (ZEC) and Decred’s DCR token.
zcash is a cryptocurrency that has been in the news for its privacy features. It is often referred to as “the next bitcoin.” zcash offers instant transactions, private transactions, and zero-knowledge proofs. The best time to buy zcash is on December 29th when it will have a significant dip in price.
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Privacy tokens are an important aspect of the crypto world.
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All three coins, XMR, ZEC, and DCR, have the potential to rise in value.
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These coins are reasonably priced, making them good investments.
Monero (XMR) is a privacy-focused open-source cryptocurrency that was first released in 2014. Through the process of masking the addresses used by the participants, transaction data and amounts are made anonymous.
Zcash (ZEC) is a digital currency that protects users’ privacy while allowing them to interact securely and with minimal costs. Shielded Zcash, in essence, guarantees that transactions are kept private.
Decred (DCR) is a digital currency that is decentralized and self-contained. Its fundamental purpose is to emphasize blockchain-based decentralized governance and decision-making.
Is it a good idea to invest in Monero (XMR)?
Monero (XMR) was worth $207.75 on December 29.
We’ll look at the XMR token’s all-time high value as well as its performance over the previous month to get an idea of what this value point represents.
Monero achieved its all-time high value of $542.33 on January 9, 2018. This indicates that the token was worth $334.58 more at its all-time high, or 161% more.
When looking back at November’s performance, the highest value point for XMR was $291.32 on November 9.
The token’s lowest value point, however, came on November 28, when it fell to $220.66.
We can observe that the token’s value has dropped by $70.66, or 24 percent.
However, at $207.75, it is an ideal time to purchase, since it has the potential to rise to $215 by the end of January 2022.
Is it a good idea to invest in Zcash (ZEC)?
Zcash (ZEC) was worth $146.16 on December 29.
We’ll look through the ZEC token’s all-time high point of value as well as its performance last month to get a clearer idea of what type of value peak this is.
On October 29, 2016, the value of Zcash hit an all-time high of $3,191.93. The token was worth $3,045.77 more at its all-time high, or 2,083 percent more.
When we look at the token’s performance in November, we can see that on November 18, the token’s lowest point of value was $146.38.
The token hit its greatest value on November 25, when it reached $302.79. We can observe that the token’s value has increased by 106 percent to $156.41.
The token’s current value of $146.16 indicates that it has the potential to reach $170 by the end of January 2022, making it a good investment.
Is it a good idea to invest in Decred (DCR)?
Decred (DCR) was worth $72.05 on December 29.
We’ll look through the token’s all-time high value as well as its performance in November to get a better idea of what type of value point it’s at right now.
Decred achieved an all-time high value of $247.35 on April 17th. This implies that the token was worth $175.3 more at its all-time high, or 243 percent more.
When we look at the token’s performance in November, we can see that on November 15, the token’s value grew to $121.75.
The token’s lowest value point, however, came on November 26, when it fell to $91.36. This indicates that the token’s value has dropped by $30.39, or 25%.
With this in mind, the DCR token is a good purchase at $72.05, with a target price of $85 by the end of January 2022.
The post Top 3 privacy-oriented tokens to purchase on December 29: XMR, ZEC, and DCR appeared first on Cointext.com: The Home of Altcoins: Everything You Need to Know About Crypto, Bitcoin, and Altcoins.
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The “zcash vs monero reddit” is a question that was asked on the cryptocurrency subreddit. The top 3 tokens to buy are XMR, ZEC and DCR.
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