Sun. Aug 14th, 2022

  • XMR's trading volume has increased 26% in the past 24 hours.

  • Zcash and Decred are solid value to buy.

  • Each of these tokens has the potential to appreciate in value by the end of December.

Monero (XMR) is an open source cryptocurrency focused on privacy and launched in 2014. It uses ring signature, zero-knowledge evidence, and stealth addresses to obscure transaction details.

Zcash (ZEC) is a decentralized cryptocurrency token that specializes in data protection and anonymity. To do this, he uses the zero-knowledge-proof technology from sk-SNARK.

Decred (DCR) is a blockchain network designed to improve the organization and decentralization of cryptocurrencies. It runs autonomously with improvements that are coordinated and enacted by the miners as well as the holders of the token.

Should You Buy Monero (XMR)?

On December 8th, Monero (XMR) was valued at $ 205.70.

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

XMR's ATH value point was on January 9, 2018 when the token hit a value of $ 542.33. The token at its ATH value point is USD 336.63 or 163% higher in value than it is today.

If we look at November's performance, the XMR token had its highest value of the month on November 9th at $ 291.32.

However, its lowest reading was on November 28th when it fell to $ 220.66. Here we can see that the token lost $ 70.66, or 24%, in value over the course of the month.

However, at its current price of $ 205.70, the XMR token is a solid buy as it can climb to $ 210 by the end of December.

Should You Buy Zcash (ZEC)?

On December 8th, Zcash (ZEC) was valued at $ 169.93.

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

Zcash hit its all-time high on October 29, 2016 when the token was valued at $ 3,191.93.

This means that at its ATH value point, Zcash was $ 3,022, or 177%, higher than it was on December 8th.

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

Its highest reading in November was on November 25 when it climbed to $ 302.79. This marked a jump in value for the token of $ 156.41, or 106% over the month.

However, from November 25 to December 8, the token lost $ 132.86, or 43%, in value.

With that in mind, the ZEC is worth buying at $ 169.93 as it can climb to $ 190 by the end of December.

Should You Buy Decred (DCR)?

On December 8th, Decred (DCR) was valued at $ 92.39.

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

The all-time high for the DCR token was on April 17th when it hit $ 247.35. The token was $ 154.96, or 167%, higher at its ATH value point when compared to December 8th.

If we analyze the value of the token in November, the token had its highest point on November 15th at $ 121.75.

Its lowest value was on November 26th when the token fell to $ 91.36. This translates into a $ 30.39 loss in value, or 25%.

However, from November 26th through December 8th, DCR is up $ 1.03. With that in mind, we can expect DCR to climb to $ 95 by the end of December, making it a solid buy.

The post Top 3 Privacy Coins to buy on December 8th: 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.