An analyst has shared a positive outlook for two lesser-known cryptocurrencies, VeChain and Monero. Predicting significant growth by 2025, the expert sees these coins as promising opportunities in the crypto market.
VeChain’s innovative approach to supply chain management and Monero’s strong privacy features may boost their adoption and value in the coming years. Investors are taking note of their potential. According to ChangeNOW, the transaction volume for VET and XMR has increased, suggesting growing investor interest.
Bulls Return as VeChain (VET) Shows Signs of Upward Momentum
VeChain (VET) is showing signs of bullish momentum as its price climbs within the $0.043 to $0.055 range. Over the past week, VET increased by nearly 4%, indicating renewed interest from buyers. The Relative Strength Index (RSI) is around 39, suggesting the token is approaching oversold territory and may rebound.
If the bullish trend continues, VET could test the nearest resistance level at $0.061, a potential gain of over 10% from the current price. The 10-day Simple Moving Average is slightly below the 100-day average, hinting at possible upward movement. These factors suggest a potentially favorable environment for VeChain. The token can be accessed on ChangeNOW without registration or hidden fees.
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Monero Shows Signs of Bullish Momentum as Price Eyes $218 Resistance
Monero’s price is currently ranging between $184.92 and $207.69, showing a modest increase of 2.51% over the past week. Despite a 10.88% dip in the last month, it has gained 25.52% over six months, indicating a strong upward trend. The Relative Strength Index stands at 59.78, suggesting room for further growth without being overbought.
The next resistance level is at $218, and surpassing it could lead to the second resistance at $241, which would be an increase of over 15%. With the price above the 10-day moving average but below the 100-day average, the current setup appears favorable for purchasing Monero, which can be done on ChangeNOW with no registration and no hidden fees.
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Conclusion
In summary, VeChain and Monero offer distinct opportunities for those looking to invest in cryptocurrencies. VeChain focuses on improving supply chain processes, while Monero emphasizes user privacy. For investors interested in these coins, ChangeNOW provides an excellent platform for transactions.
It allows users to exchange, buy, or sell these cryptocurrencies without any hidden fees or the need for registration. This enhances security since the platform does not store user funds. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW makes investing in these coins straightforward and secure.
