The cryptocurrency market is expanding, with a global market cap increasing 2% in just 24 hours.Â
Trading activity has surged, with volumes rising by 18%, indicating heightened investor engagement. Bitcoin remains dominant with a 54% share, yet the Altcoin Season Index of 84/100 underscores a favorable environment for altcoin investments.
Institutional interest is evident, with $444 million in net inflows into crypto ETFs, further validating the market’s growth trajectory. Altcoins, like VeChain (VET) and ZCash (ZEC), are capitalizing on this momentum, showing double-digit gains and offering unique opportunities in the current bullish landscape.
This article delves into the factors driving the growth of VET and ZEC, analyzing their price trends, market dynamics, and future potential in an increasingly bullish cryptocurrency market.
Bulls Propel VeChain (VET) Upward Amid Significant Price Surge
Source: ChangeNOW
VeChain (VET) has witnessed a strong bullish trend, with its price increasing over 65% in the past week and more than 237% in the last month. Currently trading between $0.04 and $0.05, VET is approaching its nearest resistance level at $0.0553. Technical indicators like a positive MACD of 0.0046 and an RSI of 68.5 suggest continued upward momentum. If this trend persists, VET could potentially reach the second resistance level at $0.06634, representing a notable percentage increase from current levels. VeChain is available on ChangeNOW without registration or hidden fees.
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Zcash Gains Momentum as Bulls Drive Price Toward Key Levels
Source: ChangeNOW
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Zcash (ZEC) is experiencing bullish momentum, with its price rising significantly over the past week, month, and six months. Currently trading between $48 and $66, Zcash has seen increases of over 50% in one week and nearly 100% in one month. Technical indicators such as an RSI of 58 and a positive MACD of 3.13 suggest continued upward movement. The nearest resistance level is at $73, and breaking this could propel the price toward the second resistance at $92, representing potential gains of up to 37% from current prices.
This favorable setup may interest those considering Zcash, which is available on ChangeNOW with no registration and no hidden fees.
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Conclusion
VeChain (VET) and ZCash (ZEC) offer distinct opportunities for investors and traders. VeChain focuses on enhancing supply chain management and business processes, providing transparency and efficiency. ZCash prioritizes user privacy and secure transactions through advanced cryptography. For those interested in these cryptocurrencies, ChangeNOW serves as an excellent platform for transactions. It enables users to exchange, buy, or sell coins without hidden fees or the need for registration, adding an extra layer of security by not storing user funds. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW simplifies the investment process in the crypto market.
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
