Just a day before the end of September, the European Central Bank released a report on the progress of the EU’s move toward a digital Euro. Per the report, they are making progress towards a CBDC. Many other countries have made headlines throughout September over intentions to pivot towards digital fiat, an indicator that CBDCs will soon be a global phenomenon.
While they are efficient, digital fiat currencies have privacy concerns that will likely see more people take an interest in privacy cryptocurrencies. That’s why there is a good chance that going into October, privacy coins could bounce back.
Below are three privacy coins that we believe could make a resurgence in October after flying under the radar over a couple of years.
Monero (XMR)
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
KuCoin
Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.
Monero (XMR) is one of the best privacy coins on the market today. Monero’s privacy technology is so advanced that it is one of the few truly fungible cryptocurrencies ever made. For this reason, Monero stands out as one of the best privacy-focused coins that could do well in October and even into the distant future.
ZCash (ZEC)
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
ZCash (ZEC) is another top privacy coin that could do well if privacy coins take off in October. Like Monero, ZCash’s Zero Knowledge Proof approach to privacy is among the best in the market. Besides that, ZCash has the advantage of regulatory compliance. That’s because ZCash has both the option of private transactions and non-anonymous KYC transactions.
Dash (DASH)
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Dash (DASH) also makes it to the list for its strong privacy tech. One thing that makes DASH unique from the other privacy coins is its high degree of adoption. Dash is widely used, especially in South America, for everyday payments. This means it has substantial intrinsic value, and FOMO around privacy coins could take it to new levels.
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