KAS and ZEC Lag Bitcoin’s Rally—Should Investors Be Concerned About Their Performance?

While Bitcoin continues its upward trajectory with impressive gains, cryptocurrencies like KAS and ZEC are not matching its pace. This discrepancy raises questions about the performance of these coins and whether investors should be concerned about their slower growth compared to the leading cryptocurrency. 

Meanwhile, ChangeNOW reports that the transaction volume for ZEC and KAS has grown. ChangeNOW is a service that allows cryptocurrency exchanges without registration. It is favored by savvy investors and whales who prioritize the safety of their funds. The increasing number of transactions on ChangeNOW suggests that investors are entering an accumulation phase. This trend indicates that these coins may experience growth in the future.

Zcash Shows Upward Momentum with Potential for Further Gains

Zcash is currently trading between $38.40 and $50.39, showing positive movement over the past month with a 12% increase and a 68% rise over six months. The nearest resistance level is at $55.29, and breaking through it could lead to the next target of $67.28. Support is found at $31.31. The 10-day simple moving average is $39.92, just below the 100-day average of $43.79, suggesting an upward trend. Technical indicators like RSI at 45 and Stochastic at 47 point to neutral conditions with room for growth. 

With these factors in play, platforms like ChangeNOW offer the option to acquire Zcash with no registration and no hidden fees.

>>> ChangeNOW – Swap Crypto Simple, Fast, Free of Custody <<<

Kaspa Gains 18% in a Week, Bulls Eye Resistance at $0.20

Kaspa (KAS) has seen an 18% price increase over the past week, moving within a range of $0.11 to $0.18. This upward trend suggests that bulls are influencing the market. The nearest resistance level is at $0.20, and breaking through could push the price towards $0.26. This would represent a potential increase of over 40% from current levels. The Relative Strength Index is around 40, indicating there might be room for further growth. 

With these indicators, Kaspa’s current market setup appears promising. Kaspa is available on ChangeNOW with no registration and no hidden fees.

>>> ChangeNOW – Swap Crypto Simple, Fast, Free of Custody <<<

Conclusion

In summary, although KAS and ZEC have not mirrored Bitcoin’s recent surge, they still offer distinct advantages to investors and traders. ZEC provides enhanced privacy features, allowing for confidential transactions. KAS focuses on delivering fast and efficient transaction capabilities. For those interested in these cryptocurrencies, ChangeNOW serves as an excellent platform for transactions. It enables users to exchange, buy, or sell these coins without hidden fees and does not require registration, thereby enhancing security by not storing user funds. With support for over 900 cryptocurrencies, no limits on transaction amounts, and the option to purchase crypto using a bank card, ChangeNOW offers flexibility and convenience for all users.

The post KAS and ZEC Lag Bitcoin’s Rally—Should Investors Be Concerned About Their Performance? appeared first on ETHNews.