Monero (XMR) and Zcash (ZEC) broke the market with their privacy-focus solution in 2014 and 2016. Regarding recent market movements, Monero (XMR) continues to struggle while Zcash (ZEC) has shown a strong recovery over the past month.
We also explore how Zig Network (ZIG) is using decentralization technology in a new way and the edge it has over Monero (XMR) and Zcash (ZEC).
Monero (XMR) investors consider projects like Zig Network (ZIG)
Monero (XMR) is down 10% from $178 to $160 in the past month. Its trading volume is also down, 40% in the past few days. Since Monero’s $517.62 peak in May 2021 and the immediate steep fall, the token has struggled to maintain a price above $300.
Monero (XMR) was launched in 2014 to allow transactions to take place privately and anonymously. While Bitcoin (BTC) transactions could still be traced due to the transparency of the blockchain, Monero (XMR) ensured that senders and receivers’ data were obscured using advanced cryptography. Nevertheless, investors are considering projects like Zig Network (ZIG) due to Monero’s struggles.
Zcash (ZEC) recovers after falling to $25
Zcash (ZEC) is up 15% over the past month and is currently trading at $36.14. It fell to $25 earlier in the month, the price it began the year with. Most analysts did not expect the token to recover but Zcash (ZEC) has soared by about 40% since then. While trading volume trends are still unfavorable, analysts expect it to keep this price momentum.
Like Monero (XMR), Zcash (ZEC) is focused on privacy and anonymity though it allows for optional anonymity. Monero (XMR) and Zcash (ZEC) used decentralization technology to protect users information. Zig Network (ZIG) is also leveraging decentralization technology, though in a different way.
Zig Network (ZIG) transfers financial value back to users
Zig Network (ZIG) uses decentralization technology to directly benefit users. Value is transferred from a few stakeholders to every participant and contributor to the network. As blockchain technology expands and is adopted by various traditional sectors, Zig Network (ZIG) is strategically positioned to benefit from this growth.
Zig Network (ZIG) operates as a layer 1 blockchain. It utilizes a hybrid consensus model combining Proof of Stake (PoS) and Delegated Proof of Stake (DPoS), enhancing security and scalability. Unlike other blockchain projects, Zig Network’s technology has one purpose only: transferring financial value back to users and token holders.
To find out more about Zig Network, use the links below:
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