Top three privacy tokens to explore under US$1; ROSE, SNT, XVG

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 Top three privacy tokens to explore under US$1; ROSE, SNT, XVG
Image source: © Alexandersikov | Megapixl.com

Highlights:

  • Privacy tokens provide privacy and data security.
  • Oasis Network (ROSE) crypto trades on Binance, KuCoin, etc.
  • Status (SNT) crypto returned over 19% gains in a month.

Privacy coins could be investors’ favorite nowadays, given the attention they draw. But what are these privacy coins, and how are they different from other cryptos?

Privacy coins are cryptos that have two primary objectives: provide users' privacy and data security. These coins also use blockchain technology in a distributed ledger.

While most crypto transactions on a blockchain are generally public, as they are recorded on a public ledger, privacy coins, as the name suggests, provide anonymity during transactions.

Blockchain transactions are hard to conceal from public view, so it is easy to identify an individual's address. On the other hand, privacy coins use a cryptography tool to hide the user's wallet balance and address. Here we explore the top three privacy coins under US$1.

Privacy focused coins: ROSE, SNT, XVGImage Source: ©Kalkine Media®; © Canva Creative Studio via Canva.com

Oasis Network (ROSE)

Oasis is a leading privacy-focused scalable layer-1 blockchain. Its protected architecture offers a high throughput and low gas fees. This next-gen Web3 platform powers applications related to decentralized finance, GameFi, NFTs, and the metaverse.

The token was priced at US$0.05113 at 10:48 am ET on July 15, up 5.98%. Its one-day volume soared 34.26% to US$37.11 million. Oasis has a market cap of US$257.06 million, and its fully-diluted market cap is US$511.32 million.

The token's maximum and total supply are 10 billion, and its current circulating supply is 5.03 billion. It returned 5.93% gains in the past 30 days. It can be traded on Binance, KuCoin, Gate.io, etc.

Status (SNT)

Status is a mobile and desktop-based decentralized OS browser and a messaging system. It allows users to interact with a network from anywhere and anytime.

Its light client Ethereum node allows access to Ethereum DApps through an application installed on the user's mobile phones and tablets to send encrypted texts or access their wallets.

SNT was priced at US$0.299 at 10:54 am ET on July 15, up 4.79%. Its one-day volume declined 0.74% to US$9.09 million. Its market cap is US$103.75 million, and its fully-diluted market cap is US$203.60 million. It returned 19.22% gains in the last 30 days. The token's total supply is 6.80 billion, and its current circulating supply is 3.47 billion.

The token is traded on exchanges like Bittrex, OKEx, Upbit, etc.

Verge (XVG)

Verge is a blockchain that provides decentralized payment networks, with a feature to integrate the privacy tool Tor into its VergePay wallet for keeping transactions anonymous.

The token was priced at US$0.003522 at 11:16 am ET on July 15, up 3.16%. Its one-day volume fell 35.36% to US$1.89 million. Its market cap is US$58.14 million, and its fully-diluted market cap is over US$58.31 million. The token's maximum supply is 16.55 billion, and its total and current circulating supply are around 16.50 billion. It returned 18.42% gains in the last 30 days.

The XVG crypto can be traded on exchanges like Binance, HitBTC, Huobi Global, etc.

Bottom line:

The crypto market is volatile and is prone to various cybersecurity risks. Hence, investors should carefully evaluate the digital assets and the broader market before investing in cryptos.

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