Key points:
Both are well-known for their strong privacy.
Monero has a much better reputation in the privacy market.
Both could rally as Bitcoin turns bullish.
Momero (XMR)
The leading cryptocurrency focused on private and censorship-resistant transactions, Monero offers users a high level of anonymity making their transactions confidential. It also allows fast inexpensive payments anywhere in the world with its use cases being untraceable by third parties.
ZCash (ZEC)
This cutting-edge currency has been created with privacy in mind, which makes it stand out from other coins. As an open-source project based on established blockchain technology, it ensures its users of the highest level of privacy and anonymity.
There are increasing calls in the U.S and elsewhere for regulations that target the privacy aspect of crypto.
Back in 2021, The U.S Department of Treasury labeled Bitcoin as a currency used for money laundering, terrorist financing, and other illegal activities.
In recent years we’ve seen an increase in the negative press about cryptocurrencies such as Bitcoin (BTC) – mainly due to their use by malicious actors like hackers or criminals who seek ways around law enforcement tracking them down.
If such regulations ever come to fruition, cryptocurrencies that have unbreakable security are likely to draw more investor attention. That’s why Zcash and Monero could be pretty good buys in 2022.
While both are good, Monero has a better reputation in privacy circles. Unlike Zcash which has an on-and-off privacy switch, Monero is completely private and its ring signature approach makes its transactions completely private. This makes it a potentially much better investment than Zcash.
That said, both are pretty good investments and could see massive gains in 2022. Besides their privacy capabilities, both have a very low coin supply.
In essence, now that Bitcoin is turning bullish again, and regulations most likely coming up, both could rally in 2022.
Share this article
Categories
Tags
FAQs
Ultimately, choosing between Monero and Zcash depends on your individual requirements and priorities. If you value absolute privacy and anonymity, Monero may be the ideal choice for you. On the other hand, if you seek a balance between privacy and transaction speed, Zcash offers a compelling alternative.
Which is better, Zcash or Monero? ›
Zcash has faster speed and lower fees compared to Monero. However, Monero prioritizes privacy over speed and scalability, resulting in slower but more secure transactions.
Is it a good time to invest in Monero? ›
Yes, Monero is a good investment option, as it may reach a trading value of $257.654 by the end of 2024. Is Monero's privacy policy legal? Monero is a privacy-oriented crypto that is untraceable.
Why Monero is the best coin? ›
Monero is a cryptocurrency designed for anonymity and financial privacy. Its cryptographic techniques make it very difficult to trace Monero transactions. Monero mining is more accessible to users with general-purpose CPUs, GPUs, and FPGAs than ASICs, meaning they don't need to pay for special hardware.
Is Monero the best privacy coin? ›
Its robust privacy measures have earned Monero a reputation for being one of, if not the best, privacy coins for privacy-conscious users, contributing to its massive popularity.
Is there a future for Zcash? ›
Our real-time ZEC to USD price update shows the current Zcash price as $23.29 USD. Our most recent Zcash price forecast indicates that its value will increase by 0.56% and reach $23.42 by May 06, 2024.
What is the disadvantage of Zcash? ›
Drawbacks of Zcash
High technical complexity. Relatively high transaction fees. Primarily geared toward Linux users.
Will Monero ever go up? ›
Monero price prediction round-up
CoinCodex had a short-term monero price prediction for 2023 which said it could reach $160.06 by 11 January and $209.54 by 6 February.
Why is Monero tanking? ›
Monero (XMR) slumped to an all-time low of 1.8 million after crypto exchange Binance said it will stop listing the privacy token as of Feb. 20.
Does Monero have potential? ›
Monero Price Prediction 2023 - Based on its Privacy Feature
Many experts believe that this one feature could take Monero to great heights. Based on these Monero price predictions, 2023 looks like it could be a good year for Monero.
Many in the crypto community feared the worst and predicted doom and gloom for the world's largest and most popular privacy coin by market cap. Surprisingly however, XMR has rebounded in a way which many never saw coming.
Why is Monero unpopular? ›
Monero's privacy features have attracted cypherpunks and users desiring privacy measures not provided in other cryptocurrencies. It is used in illicit activities such as money laundering, darknet markets, ransomware, cryptojacking, and other organized crime.
What are the weaknesses of Monero? ›
Monero Weaknesses
- Dominated by two mining pools which account for > 50% of the hashing power.
- An overwhelming majority (~70%) of code contributions since 2017 have come from one individual: moneromoo-moo (however, the percentage has improved from 2021 to present)
What Are Privacy Coins?
- Monero and Zcash offer anonymity, shielding users from surveillance and protecting financial privacy.
- Monero's ring signatures and RingCT ensure asset movements are nearly impossible to track, preserving privacy.
Which cryptocurrency is most secure? Ethereum is considered to be the most secure cryptocurrency as compared to other digital assets. This is largely because its platform uses the blockchain technology, which is one of the most robust technologies for digital transactions.
Is Monero risky? ›
Key Points. Monero (XMR) is a secure, private and untraceable cryptocurrency known for its strong focus on privacy and anonymity. Transactions on the Monero (XMR) blockchain are confidential and cannot be traced, ensuring the privacy of its users.
Is Monero the most secure crypto? ›
Launched in 2014, Monero is designed to be truly private and untraceable. Unlike Bitcoin, Monero transactions are confidential, obfuscating sender, recipient and transaction amounts through advanced cryptographic techniques like ring signatures and stealth addresses.
Which is the best privacy coin? ›
1. Monero. The largest and most well-known privacy coin is Monero (XMR 3.02%). The fundamental blockchain technology behind Monero is a heavily edited version of Bitcoin by way of the almost-defunct Bytecoin (CRYPTO:BCN).
Is it profitable to mine Zcash? ›
Zcash (ZEC)
Zcash is a privacy-focused crypto based on Bitcoin's original code and shares many similarities with it, like halving features due to a fixed total supply. Technically, you can mine Zcash with a GPU, but it's unlikely to be profitable.
