DigitalNote might not ring instant bells in the crypto verse industry but is causing a lot of unrest among privacy coins. As more crypto space goers continue to demand for better services and platforms that offer complete privacy is rising and this has seen the coin up the game in the market by improving on the existing privacy coins.
The coin is decentralized that rides on the CryptoNote technology that comes with advanced anonymity features. The system offers an encrypted messaging option making transactions and related massages hard to trace. In addition, the transactions are instant globally and come with a defined staking period.
Financial Privacy is a huge concern for individuals and businesses and any privacy coin promising fool proof and functional privacy features is set to gain from the market gap and that is the XDN ecosystem point of focus.
DigitalNote (XDN) Growing Popularity
The popularity of encrypted messaging system is on the rise and DigitalNote is tapping into it and the results are starting to show from the increase in adoption. Protected transactions at near zero fees features have been elusive in other privacy coins and XDN appears to have cracked the missing link.
The platform is mathematically secured giving participants an upper hand to take control of their information as well as their funds. The user private key is the only access point to their finances and this is an added transaction freedom feature. Being able to transact in total privacy is what has seen the coin become a threat to the likes of Monero, Zcash, Dash, PIVX and Enigma among others.
The number of privacy coin keeps rising and this is the only coin in the niche that is ASIC resistant which is a huge advantage for the coin in commanding additional mass adoption in the market. However, the only limitation the coin is facing at the moment is visibility in major crypto exchanges where XDN can be traded directly with the dollar instead of first buying other digital coins to purchase DigitalNote coins.
DigitalNote Price Spike
The last 24-hour trading session has seen major coins and tokens register mixed trading results in the market but DigitalNote (XDN) has surprised many by going against the bearish market and trade in the double digit territory after gains against the dollar hitting 37.00% to hit a weeks’ high of $0.004231.
The XDN price surge comes at a time when the other competing coins in the privacy coin niche are struggling to recover with Monero, gaining 1.26%, and Dash and Zcash shedding 0.61% and 0.54% respectively. This could mean that privacy feature seekers are shifting to shinier altcoins that have advanced privacy features like XDN.
XDN Market Pump and Dump
However, there is no hype about XDN in the crypto space and many analysts are hoping the price surge is not another pump and dump which is common in the crypto verse. Traders are also waiting to see how long the price holds before they jump in and stake up. Any price surge in a bearish market is seen as price manipulation and traders and investors fail to first look at the development behind the asset
The coin hit the top 100 most coins in value earlier in the year before dropping to oblivion. The team behind it appears to be back with a bang and their online campaigns have brought fourth its potential and the investor interest is not on the price but the technology and capability in solving the real world privacy transaction issues.