Should you buy Conceal Network (CCX) after they announced the Conceal Hub?

Crypto investors favouring altcoins in spite of poor performance

Conceal Network CCX/USD is a decentralized blockchain bank that features deposits and investments paying interest rates.

It enables untraceable, anonymous messaging and a secure method through which funds can be transferred. CCX works on the Binance Smart Chain and Ethereum Blockchain.

The Conceal Hub launch as a catalyst for growth

On October 3, the Conceal Network team initially announced on Twitter that they were working hard on the Conceal Hub and shared a sneak peek with their community.

Conceal Hub is a collection of modules that work together to enable secure decentralized finance (DeFi) communication tools. These are tools such as the cloud wallet, ID, a bridge, deposits, and so on.

This being the case, Conceal Hub is developed to ensure a high level of privacy by supplying an authentication key-based method, which gives users access to create and retrieve wallets. This can occur even if they do not have a user account beforehand. 

All communications on the Conceal network are peer-to-peer and end-to-end encrypted, which allows users to transfer and accept payments while also exchanging messages with a high level of privacy. 

Should you buy Conceal Network (CCX)?

On October 21, Conceal Network (CCX) had a value of $0.3997.

To get a better perspective as to what kind of value point this is for the token, we will be comparing it to its all-time high value as well as to its recent performance.

To get the all-time high-value point out of the way, it was on October 18, 2018, when the token was at $1.59. This made the token $1.1903 higher in value than on October 21, which is a 297% difference in value.

The token started off in September with a value of $0.4912 on September 2.

However, on September 17, the token dropped to a value of $0.2749. This was one of its lowest points of the month. This means that the token decreased its value by $0.2163 or by 44%.

It was on October 11 when the token jumped back up in value to $1.073. Here we can see that from September 17 to October 11, the token increased its value by $0.7981 or by 290%.

Then it dropped back down from October 11 to October 21 with a decrease of $0.6733 or by 62%.

However, with the launch of the Conceal Hub by the end of October, the token has the potential to reach a value of $0.4596.

The post Should you buy Conceal Network (CCX) after they announced the Conceal Hub? appeared first on Invezz.

Publication date: 
10/21/2021 - 15:28
Disclaimer

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.