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.
Privacy tokens are an important aspect of the crypto world.
All three coins, XMR, ZEC, and DCR, have the potential to rise in value.
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.
Watch This Video-
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.
- zcash vs monero mining profitability
- privacy coins
- zcash vs monero vs dash
- monero price
- zcash price