$PIVX Fundamental factors:
Technology: PIVX uses the Proof-of-Stake (POS) algorithm and implements privacy features such as zk-SNARKS.
Community and development: The project is actively supported by the community and continues to evolve, which may contribute to its resilience and growth in the long term.
Market trends: With growing concerns about privacy in the digital space, interest in private coins like PIVX may increase.
Currently, the price of PIVX is around $0.178, with a market capitalization of approximately $16.5 million and a daily trading volume of about $19 million. Over the last 30 days, the token has shown a growth of more than 50%, reaching a peak of $0.2692.
Technical analysis:
All-time high (ATH): $14.56 in January 2018.
Current price: about $0.178.
Support levels: $0.2000 and $0.1850.
Resistance levels: $0.2349 and $0.2692.
The recent price increase was accompanied by high trading volume, which may indicate increased interest from traders. However, the current price is still significantly below the historical high, which may represent potential for further growth, especially if interest in cryptocurrencies resumes.
The privacy sector may take off
In conditions:
increased surveillance,
transaction blocks,
pressure on cryptocurrencies (for example, in the USA or EU),
users may turn back to privacy coins.
