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

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.