Sun. Aug 14th, 2022

  • Data protection tokens are an essential part of the crypto world.

  • XMR, ZEC, and DCR all have growth potential.

  • These tokens are available at affordable prices, which makes them solid purchases.

Monero (XMR) is a privacy-focused open source cryptocurrency that was originally introduced in 2014. Transaction details and the amount of each transaction are anonymous by obscuring the addresses used by participants.

Zcash (ZEC) is a privacy-protecting digital currency that enables people to securely transact with low fees. Essentially, Shielded Zcash ensures that transactions remain confidential.

Decred (DCR) is a decentralized and autonomous digital currency. Its main goal is to give priority to decentralized governance and decision-making in the blockchain.

Should You Buy Monero (XMR)?

On December 29th, Monero (XMR) was valued at $ 207.75.

To get a better idea of what exactly this means for the XMR token, we'll compare its current value to its all-time high as well as its November performance.

Monero hit its all-time high on January 9, 2018, where it hit $ 542.33. This means that at its ATH point, the token was $ 334.58, or 161%, higher than it is today.

If we go through November's performance, XMR peaked at $ 291.32 on November 9th.

However, its lowest value was on November 28th when the value of the token fell to $ 220.66.

Here we can see that the value of the token has decreased by $ 70.66, or 24%, over this period.

However, its value point at $ 207.75 puts it in an excellent buy position as it can climb to $ 215 by the end of January 2022.

Should You Buy Zcash (ZEC)?

On December 29th, Zcash (ZEC) was valued at $ 146.16.

To get a better idea of what exactly this means for the ZEC token, we will compare its current value with its all-time high as well as its performance in November.

Zcash hit its all-time high on October 29, 2016 when it hit a value of $ 3,191.93. At its ATH point, the token's value was up $ 3,045.77, or 2,083%.

If we go through the token's performance in November, the token had its lowest value on November 18th at $ 146.38.

Its highest value was on November 25th when the token hit $ 302.79. Here we can see that the token has grown in value by $ 156.41, or 106%.

With its current value of $ 146.16, the token has the potential to hit $ 170 by the end of January 2022, making it a solid buy.

Should You Buy Decred (DCR)?

On December 29th, Decred (DCR) was valued at $ 72.05.

To get a better idea of what exactly this means for the DCR token, we will compare its current value with its all-time high as well as its performance in November.

Decred hit its all-time high on April 17th when it hit $ 247.35. This means that at its ATH point, the token was $ 175.3, or 243%, higher than it is today.

If we go through the token's performance in November, we can see that the token's value rose to $ 121.75 on November 15th.

However, its lowest value was on November 26th when the token fell to $ 91.36. This means that the value of the token has decreased by $ 30.39, or 25%.

With that in mind, the DCR token is a solid buy at $ 72.05 as it has the potential to hit $ 85 by the end of January 2022.

The post Top 3 data protection tokens on December 29th: XMR, ZEC and DCR appeared first on BitcoinMag.de .

By Dov Herman

Dov is a Blockchain and Forex trading enthusiast, who spends most of his time trading and examining software who are related to cryptocurrencies and forex trading. You can follow on Dov’s reviews and articles here on TrustedBrokerz and across the web.