Friday, December 1, 2023

Monero and Zcash price hikes ahead of Biden’s executive order

Popular privacy coins Monero and Zcash are on a high this morning ahead of US President Joe Biden signing the much-awaited executive order. Experts said the order will bring about a “sweeping review” on crypto.

Monero jumped 24.3% in the last 24-hours, as per CoinMarketCap. It climbed from USD169 to a seven-week high of USD204 – up to around 29.2% from 24 hours ago. Zcash is up by 16.52% in the last 24-hours. It touched $139 – its highest level since the crash on January 20. Zcash, despite the crypto market losing almost 2% recently, was able to rally to its highest level. On Tuesday, ZEC hit an intraday high of $128.20. This is the highest mark since March 4.

However, analysts have highlighted resistance in terms of price strength. The RSI is tracking at 57; this has proved to be a hard ceiling in the past. Touching nearly $140 now, ZEC is well headed for multi-week highs.

Besides, altcoins are also seeing highs and lows. ANC, the native token of Anchor protocol recorded a streak of higher highs. It saw its first record highs. But this week, ANC saw a downturn. A sizeable amount of bearish pressure pushed ANC lower. According to data from CoinMarketCap, ANC is down by 4.26% in the last 24-hours and is trading at $3.90.

ANC’s price drop has been below the long-term resistance of $4.01. It had achieved a breakthrough at this mark last week and reached the high of $6.19.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

Most Popular