Monero Price Prediction: XMR Primed for ATH as Traders Dump Zcash for Privacy King
Privacy coin Monero (XMR) is flashing bullish signals as capital flees Zcash—here's why the OG anonymity token could smash records.
The Privacy Play Heating Up
Traders are rotating out of fading privacy projects into Monero's battle-tested ecosystem. No fancy marketing—just a decade of delivering untraceable transactions while regulators flail.
The Zcash Exodus
Once-hyped competitor Zcash bleeds users as its 'optional privacy' model collapses under scrutiny. Meanwhile, Monero's mandatory stealth protocols keep attracting believers—and Wall Street's quiet money.
ATH in Sight?
With exchange listings expanding and institutional 'privacy hedging' becoming a thing (because nothing says compliance like hiding your trades), XMR looks ready to test its 2021 peak. Just don't expect CNBC to cover it—they're too busy shilling the latest SEC-approved surveillance coin.
Traders Rotate Zcash Profits To Monero
The rally sustaining XMR above $420 came after Zcash’s explosive gains earlier this month, highlighting major capital rotation. This outperformance of these coins signals a potential shift in investor attention toward privacy-oriented digital assets.
The MOVE comes as technical breakouts align with network upgrades and rising interest in transaction privacy. Capital rotation to Monero reflects a broader trend in which investors seek the “next privacy coin” after securing gains from Zcash.
This pattern has historically characterized altcoin rallies, where momentum shifts sequentially across related assets within a sector.
Monero Price Prediction: Strong Breakout, More Momentum Ahead?
Monero (XMR) has been the highest-gaining cryptocurrency over the last few days, driven by sustained institutional interest. At the current market price of $417, it has a market cap of $7.71 billion. In the past seven days, XMR has surged nearly 25% outperforming major established tokens.
Price action also shows strong bullish characteristics, as XRM’s price broke the $470 level on Friday. This breakout has established a new 52-week high of $471 as bulls have driven the price above the previous resistance of $415. If the price breaks above the $500 level, which is just around the ATH, a new ATH could be the next stop.
Image Courtesy: TradingView
Some traders are now comparing this breakout to trend continuation setups, suggesting a potential rise towards upper levels. This price action has significantly influenced the long-term cycle of the coin.
While fundamental developments indicate a bullish price outlook, technical oscillators suggest that a correction may occur soon. XRM is trading at extended levels and could approach the ATH level. If buying pressure is regained at this level, the token might revert and move upward; otherwise, it can continue to decline to the next significant support at $400.
Best Wallet Token Nears $17 Million Milestone
Best Wallet is the easiest and safest crypto wallet to use for both beginners and seasoned investors. The platform has simplified the Web3 experience and offers added benefits to native token holders.
Best Wallet aims to capture a 40% share of the entire crypto wallet market, estimated at $11 billion, by the end of 2026. The platform offers users early access to trusted presales and new projects before they are launched to the market.
Token holders also get a discount on transaction fees on the Best Wallet ecosystem and enjoy higher yields on staking opportunities.
Key Features and Metrics of Best Wallet Token:
- Utility-first token powering secure and simplified payments
- Audited by Coinsult for user security
- Early access to emerging token presales
- Nearly $17 million raised within just months
- Staking BEST token rewards investors with a 77% APY
With investors flocking to get in early on the next privacy leader and a listing scheduled at $0.026035 per token on Uniswap, analysts suggest that BEST could be the best crypto to buy in November. To purchase Best Wallet Token, the native token that powers the Best Wallet ecosystem, investors must swap it for ETH or BNB on the presale page.
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