A lot cryptocurrency Even though it broke records this year, the situation was not like that in the overall market. There were positive differences. Gold had its best year since 1979, gaining 64%, but Bitcoin ran in the opposite direction in the last quarter. So, which altcoins diverged positively while this contrast was happening?
Privacy Altcoins
Cryptocurrency regulations were very important for the growth of the industry, but this situation focused on privacy. altcoins made it more attractive. Investors who want to keep their assets untraceable have turned to privacy altcoins, which preserve the nature of cryptocurrencies. The process, which started with Bitcoin and expanded with cryptocurrencies, aimed to create an alternative to the current financial system. However, at this point today, most cryptocurrencies are in the race to integrate with the traditional financial system.
Of course, there is an exception: privacy-focused altcoins. Even though the EU restricts these privacy altcoins It offers those who want to keep their wealth safely in crypto the protection they demand. Perhaps that’s why we saw privacy altcoins gain more quickly as we moved towards the end of the year.
Zcash (ZEC)
At the top of the list of course ZEC is coming. The privacy-focused altcoin, which exceeded $700, has increased by more than 840% this year, with the update coming after Hayes pumped enthusiasm right before the update in October and the support of Vitalik Buterin. Moreover, many analysts say that the psychological threshold of $ 1000 may soon be exceeded.
Although the rise that started at $70 took a break at $311, in the scenario where $514 is maintained, the range of $565 and $676 can be targeted in January. The main support level is at $422 and if the bulls at least protect this area, the downtrend can be avoided. January will be the testing period to see whether privacy-focused altcoins increase due to year-end tax motivation. If there are no sharp declines, four-digit prices do not seem impossible.
XMR Coin
up more than 125% this year Monero (XMR) Its success shines brighter as many major altcoins have returned to last year’s lows. It’s the most established of the privacy-focused altcoins, and it’s busy making higher lows while the rest of crypto is collapsing. With the continuation of the closings above $ 433, the 2021 peak of $ 519 will be targeted, and beyond that, it may run to four-digit prices like ZEC Coin.
