Nav Coin Price Up 64% in 24 Hours

As crypto market stabilised following bitcoin’s recent surge, one coin buckled the trend today and is up 64% at time of writing.

Nav Coin Price is Up 64%

Nav Coin (NAV) is based on Bitcoin (BTC) technology, but is packed full of advanced privacy features.

In that way it’s similar to other privacy enabled cryptos like Zcash (ZEC) and Monero (XMR).

The main difference seems to be use of a sub-chain — a second blockchain — that adds an additional layer in the encryption process.

It’s a complex process, purposely designed that way to ensure full privacy.

Privacy Pivotal in the Future of Blockchain

With other developments like zk-SNARKS also underway, privacy seems to be the pivotal battle ground in the future of blockchain technology.

It multiplies the usability of blockchain technology in numerous useful ways. And could be the key to mainstream uptake of the crypto world.

Let’s take a look at prices on the key crypto’s over the last 24 hours (priced in Australian dollars, 10am. Source: coingecko.com):

Bitcoin Price: $7,160, -1.1%

Ripple Price: $0.27, -5.75%

Ethereum Price: $397, +0.61%

Zcash Price: $291, -1.28%

TenX Price: $2.51 +7.9%

 

With interest growing around the world there has never been a better time to learn more about cryptocurrency’s incredible potential.

But there’s some very real risks for investors. Read this free report to find out more about the secret world of cryptocurrencies.

Regards,

Ryan Dinse,

Editor, Money Morning


Ryan Dinse is an Editor at Money Morning.

He has worked in finance and investing for the past two decades as a financial planner, senior credit analyst, equity trader and fintech entrepreneur.

With an academic background in economics, he believes that the key to making good investments is investing appropriately at each stage of the economic cycle.

Different market conditions provide different opportunities. Ryan combines fundamental, technical and economic analysis with the goal of making sure you are in the right investments at the right time.

Ryan's premium publications include:


Money Morning Australia