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Data protection tokens are an essential part of the crypto world.
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XMR, ZEC, and DCR all have growth potential.
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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 .