Schlagwort: crypto business

• Zcash rallies as privacy coins gain upside momentum.

•  Zcash is pretty safe from adverse regulations targeting private transactions. 

• Zcash is currently making higher lows, an indicator that bulls are firmly in control. 

Zcash (ZEC), like the other privacy coins, has been rocketing over the last 24-hours. When going to press, Zcash was up by 10%.

Zcash is one of the most powerful privacy coins out there, thanks to its use of Zero-Knowledge Proof technology. Zk-SNARKs are a type of proof that can be used to show ownership without revealing information. One side uses it as evidence, and the other party believes them because they have zero-knowledge succinct noninteractive argumentative knowledge about what’s being proven.

Essentially when using Zcash, no one can trace a transaction through the blockchain. However, unlike Monero, Zcash has a feature that allows users to make non-private transactions. This feature puts Zcash at a lower risk of negative regulations than other privacy coins. 

Zcash safe from upcoming U.S regulations

Crypto regulations are coming to the U.S, and one of the issues they intend to address is the use of cryptocurrencies for illicit activities. This means cryptocurrencies that can be used to shield transactions may face restrictions in the U.S. 

Zcash is one of those that are pretty safe from these because it is designed for both private and non-private transactions. This means even if regulations trigger a delisting of privacy coins, as happened in Japan a while back, Zcash could be safe.

Zcash continues to make higher lows.

Source: TradingView

Like other privacy coins, Zcash has pumped in the last 24-hours. However, unlike the rest that is already showing weakness, Zcash is still strongly bullish. In the last 12-hours, Zcash has been making lower highs, as it continues trading in a bullish channel. If the current trend continues, Zcash could test $150 in the short term. 

Summary

Zcash is rallying alongside the other privacy coins. Zcash has an advantage over other privacy coins if regulations in the U.S target private crypto transactions. That’s because it also allows for non-private transactions.

The post Zcash is making higher lows as bulls take control appeared first on Coin Journal.

After a torrid start to March, Bitcoin Cash (BCH) has started to rebound. The coin in fact surged above the crucial psychological mark of $300. But how far can these gains last? Will BCH touch on $375 in the near term? Here are some highlights.

• The general trend for BCH has largely been downward over the last few months.

• The coin remains slightly above its 20 Day Exponential moving average.

• At press time, BCH was trading at $302, up about 7% in 24 hours.

Data Source: Tradingview 

Bitcoin Cash (BCH) – is $375 likely?

There is a lot of uncertainty in the market right now, given the fallout from the Russian invasion of Ukraine. It’s safe to assume that not everything is priced into the market since we don’t really know what will happen next. What we can expect though is increased volatility around crypto and BCH is not any different.

However, we do not see enough upside for BCH to reach the heights of $375, at least not now. In fact, it is likely that the coin will surge towards its supply zone of between $319 and $326 before falling again.

BCH has already lost nearly 64% of its value in less than 3 months. It even hit a 15-month low of $275 in January this year. This downtrend has not broken, and despite the recent surge, we expect more weakness for BCH in the coming days.

Why buy Bitcoin Cash (BCH)

As one of the leading peer-to-peer electronic payment coins, there is a lot of utility for BCH. When crypto becomes highly integrated into global payment systems, BCH is likely to lead the way in this. 

From a fundamental point of view, it is one of the best coins to invest in simply because of the underlying value that it offers. The fact that right now it’s selling cheap should give you more incentive.

The post Bitcoin Cash (BCH) rises above $300 after the recent downturn – Is $375 plausible right now? appeared first on Coin Journal.

• Monero rallied by over 20% in the last 24-hours. 

• Speculation is rife that upcoming regulations in the U.S or Russian sanctions are behind the pump. 

• If bulls sustain momentum, Monero could break $250 in the short term. 

Monero (XMR) is one of the world’s best cryptocurrencies when it comes to privacy. Monero uses a ring signature approach to sign transactions, which means multiple signers are brought together to authorize a transaction randomly.

For this reason, no one can trace transaction addresses, balances, or transaction histories. For this reason, Monero coins are fungible, which means that all coins are interchangeable, and none can be blocked.

In the past 24-hours, Monero has rallied by over 20%, making it one of the best performers of the day.

Why is Monero rallying?

There is growing consensus among investors that the U.S is about to introduce a raft of regulations that could affect the use of cryptocurrencies. This has seen users turn to privacy coins since transactions cannot be traced. 

There is also speculation that Russians could turn to privacy coins due to the sanctions on the Russian financial system. Monero is perfect for this role because it is private by default, which means Monero coins cannot be sanctioned.  

Monero eases up after 20% rally 

In the last 12-hours, Monero’s upside momentum has eased up. However, Monero bears have been unable to erase the gains that were made in the first hour of the day. This indicates that the price drop is due to profit-taking, and the overall momentum remains bullish.

If bulls regain control and push Monero through the 24-hour high of $207.8, prices above $215 could be tested in the short term. 

On the other hand, if bears gain momentum and push Monero through the day’s support at $169.65, prices below $150 could be tested in the short term. 

Summary 

Monero rallies as a combination of upcoming U.S crypto regulations and Russian sanctions favor privacy coins. While Monero’s price has eased up due to profit-taking, the overall momentum remains bullish.

The post Why Monero is outpacing most big cap cryptos in gain appeared first on Coin Journal.