Monero (XMR) and Zcash (ZEC) Price Analysis: How Are Top Privacy Coins Surviving the Market Dips in a Harsh Game of Coins?

Monero (XMR) and Zcash (ZEC) are easily some of the top trading and most commonly used privacy coins in the cryptocurrency market. Although crucially different in terms of using different privacy-induced and blockchain-based technologies, ZEC and XMR are ranked as some of the top 20 trading cryptocurrencies. While Monero is surpassing ZEC by its market capitalization., currently taking the spot if the 12th largest cryptocurrency, Zcash is ranked as the 19th top crypto on the list of live trading currencies, also considered having some of the most advanced utilization of zero-knowledge technology in form of z-SNARKS.

Zcash (ZEC) Price Today – ZEC / USD

Name Price24H (%)
Bitcoin (BTC)
$13,137.38
1.01%
Zcash (ZEC)
$64.48
2.52%

Monero, on the other hand, has had some issues with RingCT, however, what cost it the departure from the top 10 list of cryptocurrencies were market dips rather than individual issues found in the project. While XMR team is working on reducing illegal mining activities through pools like Coinhive which often involves Monero, the market is still seen in a massive dip with both top privacy coins going down while trading in the red.

Zcash (ZEC) and Monero (XMR) Dropping by -19% and -18% in the Last Seven Days

The presence of crisis in the market is more than obvious as over -80% of the total value of all cryptocurrencies was lost during the prolonged bear trends that first appeared after the cryptos were able to record all-time highs back in December 2017 and January 2018. Moreover, Zcash and Monero are also dropping by -2%, while it seems that the currencies have acquired a similar pace of growth, also losing-19% and 18% off the total value in the last seven days. The cryptocurrencies are rarely able to acquire rebounds that last longer than a single day since the mid-November dips started off back around November 14th, acquiring an accelerated rate of decreases.

Monero (XMR) Price Today – XMR / USD

Name Price24H (%)
Monero (XMR)
$129.28
2.41%

Monero, currently trading at the price of 42$ could easily go below the resistance of 40$ in the upcoming weeks as some analysts believe that 2019 should also be marked in bear trends. Zcash could, in this case, go below the initial value of 50$, currently traded at 53$ in case the market fails to take a rebound by the end of 2018, instead, continuing with dips within negative market trends.

Zcash (ZEC) and Monero (XMR) in 2019

It is considered that the price of XMR may fluctuate between the value of 38 and 60$ by the beginning of 2019, as XMR might have a chance to take a rebound, driven by the hype of the upcoming year, however, it also might be the case that Monero will keep dipping with the frequent bear trends. Zcash could go below 40$ from its current price of 53$ in case of severe dips in the course of the next few weeks, however, the crypto might as well be able to rise by 80$ by the beginning of 2018. The next year is said to bring more bear trends for cryptos which could mean that these top privacy coins might not be able to get past the value of 50$ for Monero and the value of 60$ for Zcash during 2019. In a more optimistic future prediction for XMR and ZEC, it is considered that Zcash might even go above 300$ by the end of 2019, while Monero could be trading above 200$ in case of bullish trends.
Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.