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PrivaCrip, Decred, Zcash: Privacy tokens to consider buying now

IndustryTrends

Most of the top digital assets in the coin market are pseudonymous (i.e., they do not offer total privacy). Thus individuals that adopted cryptocurrency or the concept of decentralized finance (DeFi) based on the promise of total privacy and anonymity are mostly unsatisfied. This population of the crypto market players is what projects like PrivaCrip (PRCR), Zcash (ZEC), and Decred (DCR) target.

The altcoins' use case in ensuring privacy, security, and autonomy increases their adoption potential making experts tip them for a successful run in the coming days. Unlike Zcash (ZEC) and Decred (DCR), PrivaCrip (PRCR) is a new cryptocurrency that's set to go on presale. Analysts think its low presale price and anticipation from potential early adopters give it an edge to be a better buy than the other two. We review the three cryptocurrencies below.

The XYZ of Crypto

Zcash (ZEC) is a decentralized digital asset focusing on user anonymity and privacy. It utilizes zero-knowledge proof technology (zk-SNARK) to achieve this. The technology makes it possible for the network's nodes to verify transactions without making sensitive information related to the transaction public knowledge. Details like the sender's and receiver's addresses and transaction amounts are usually withheld. Although, you can ask for these details to be revealed for audit purposes or other personal reasons.

ZEC is the utility token for Zcash. The token is one of the top 50 digital assets on Coinmarketcap by market capitalization, and over 188K individuals have included it on their watchlists. It is one of the few privacy tokens with over a $1 billion market cap and has one of the highest peak prices for a cryptocurrency in the coin market.

ZEC is an example of the importance of time of entry into a crypto project. Early adopters benefited from it when it reached its ATH of $5941 some years back. However, the token suffered a great decline beyond that point, hitting an all-time low of $18.94 in 2020. After hitting ATL, ZEC began a steady rally, going up about $303 at some point, but it currently sells at over $73+ market price. Experts believe indications point to ZEC hitting well over the $100 mark in the long run.

Unsuspecting Choices

Decred (DCR) is one of the promising cryptocurrencies in the crypto market, receiving less attention. Just a little over 58K+ individuals have it on their watchlists, with its over $468 million market capitalization making it ranks amongst the top 95 cryptocurrencies on Coinmarketcap. Experts believe it's not all projects one must enter, but the prospect of Decred (DCR) in the long run could make it a good purchase.

The token hit an ATH of $250 in the last trading year and would be hoping to replicate something similar by rallying from a less than $50 double-figure market price to a 3-figure price which could be the $100 mark or close to its previous ATH.

The project developers described it as "Money Evolved." Decred leverages Blockchain's autonomous nature to eliminate monopolistic decision-making or voting process (governance). It provides users with optimum security, privacy, scalability, and other features needed for individuals to gain financial liberty leveraging the platform. It uses hybrid consensus mechanisms — PoW (proof-of-work)  and PoS (proof-of-stake) to ensure every user is entitled to equal voting rights. It's a good asset to consider adding to your portfolio in the long run.

New Options

PrivaCrip token (PRCR) is a utility token for the PrivaCrip network. It will serve as a governance token and power other network functionalities and incentives. The PrivaCrip network is built as an open-source protocol equipped with a wide range of privacy-keeping applications and technology to ensure users' privacy and anonymity, thereby increasing blockchain (and other decentralized technology) adoption and usability.

PrivaCrip Network hopes to be a universal Blockchain protocol with optimum protection, scalability, and a fast-growing community while ensuring data privacy. The concept of data privacy has raised much concern in the digital space lately, and PrivaCrip brings streamlined solutions that give it more chance at market success. Experts believe it's a good project to adopt and could bring a profitable return in the long run.

You can join the presale here and also benefit from the presale bonuses at the early stages. Early adopters get 7% at the first presale stage, with 4% and 2% bonuses available for the 2nd and 3rd stages, respectively.

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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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