When a new technology emerges, there will always be someone that opposes it. There are numerous reasons why this happens, and the main one is competition. For example, from the day that cinemas came to be, they were one of the only ways to entertain yourself visually. However, when Netflix, the first streaming on-demand platform, rolled out, people began to use it to replace cinemas. This had a huge impact on cinemas and theaters; therefore, it is understandable why they were against streaming platforms like Netflix.
The same is happening with the cryptocurrency market and financial institutions such as banks. Today, the distribution and creation of fiat currencies are maintained and authorized by central banks. Although the same financial system has been used for hundreds of years, it has some major flaws. With the publication of the Bitcoin whitepaper in 2008, the hope that these issues would be solved arose. Yet, banks, governments, and other financial institutions went against this revolutionary payment method – which is understandable. Banks and governments control money, and they are not willing to give up that control due to the actions of the anonymous founder of Bitcoin, Satoshi Nakamoto.
Compared to the economics we know today, the tokenomics of certain cryptocurrencies are way better and way more efficient. Moreover, the cryptocurrency market aims to be fully decentralized, meaning that they aim to have no central authority. This transparency and efficiency attracted millions of people into the market, which accumulated trillions of dollars in value quicker than any other market ever did. The cryptocurrency market emerged with the launch of Bitcoin in 2009, and today, it is worth more than $2.5 trillion.
Bitcoin presented itself as a currency that aims to revolutionize the financial system. Still, since the launch of this cryptocurrency, numerous other crypto projects have come to be. Nowadays, you can even find decentralized banks that aid in building the decentralized finance (DeFi) ecosystem. One of these projects is Conceal. Throughout this article, we will dig deeper into the fundamentals of this crypto project. Additionally, we will provide a price prediction for Conceal’s native token, CCX.
What is Conceal (CCX)?
To begin with, let us take a look at how Conceal came into existence. Conceal was an idea that was created back in 2017 by 16 random people on the internet. This crypto project was based on the CryptoNote V2 Protocol released in 2013. Conceal believes that banking privacy is a fundamental human right and should be treated as such. Their technology allows them to have a virtually secure network with fast, private transactions. Moreover, they focus on the drawbacks of using Bitcoin and how to overcome them using their network.
Conceal uses a Proof-of-Work (PoW) consensus mechanism to keep its network secure and validate transactions – this makes Conceal a mineable coin. However, Conceal is not that well-known yet, so it does not have many nodes spread worldwide. Because of this, people think this cryptocurrency is not as decentralized as it is supposed to be. However, this is believed to change as time passes, with more miners/nodes joining the network each day.
This cryptocurrency has a promising roadmap that is continuously updated. Until today, they have successfully launched the Conceal Mobile Wallet, Conceal Blockchain Deposits, Conceal Desktop Wallet, Conceal Live, and numerous other features and apps.
According to their roadmap, they are working towards delivering Conceal Hub soon and are yet to provide Stable Deposits and Hardware Wallet Support. Moreover, they are looking to work on the Conceal Vault and the Conceal Card as a long-term stretch goal.
Conceal Mobile
In July 2019, Conceal launched its mobile wallet app, Conceal Mobile, in Google Play Store. This was a big step forward for this crypto project since they gained enormous exposure compared to their orientation.
Conceal Mobile lets Conceal users communicate using encrypted messages; accept and send payments instantly and check the live market data. The encrypted messages use blockchain technology for security, making them virtually hack-proof. Moreover, you can open and maintain multiple wallets on your Conceal Mobile while being anonymous. In addition to this, the messages can self-destruct and leave no trace after being sent.
So, the Conceal Mobile App serves as a secure messaging platform and a crypto wallet simultaneously.
Conceal Blockchain Deposits
Through the Conceal Blockchain Deposits feature, you can lock your funds onto the blockchain for a chosen time and receive interest in exchange. This process is similar to traditional banking. However, there is no need for an intermediary.
Compared to using the traditional banking system, Conceal Blockchain Deposits are way safer, faster, more profitable, and accessible. Moreover, no one will ever know to whom a certain wallet belongs. This feature is available across all Conceal Wallet apps, including both their Desktop and Mobile wallets.
Providing untraceable transactions, anonymous wallets, and blockchain deposits features, Conceal has the upper hand on numerous crypto projects.
Conceal Live
Conceal Live is yet another application launched by the Conceal network. This software allows Peer-to-Peer (P2P) encrypted communications – be that audial or visual. Similar to the apps mentioned above, there is no reliance on any central servers, making this software virtually unhackable.
Conceal Live is way better than other end-to-end encrypted platforms like Whatsapp and Viber, considering its efficiency and safety. At the time of writing, this software is only available for Android and Windows.
Conceal (CCX) Price Analysis
According to CoinMarketCap, the Conceal coin joined the market in early 2019. When it first launched, Conceal had a trading value of $0.28. During its first months, Conceal hit a low of $0.12 and a high of $0.24. However, in September 2019, this cryptocurrency skyrocketed and reached the price of $0.83, simultaneously setting a new all-time high. By the first of October, Conceal had gone back to trading at $0.49. The coin continued to drop in value, going as low as $0.11 before the end of 2019.
The year 2020 was the worst year for Conceal, without a doubt. This cryptocurrency continued to lose its worth throughout 2020, going lower than $0.10 during the third week of February. During the year 2020, Conceal hit a low of $0.03 and a high of $0.19. Furthermore, it bounced in between $0.03-$0.19 throughout the whole year, making it a rather more volatile cryptocurrency than most other cryptocurrencies.
As for this year, Conceal was reborn… literally. This cryptocurrency entered the year with a price of $0.06. Then, only three months into 2021, Conceal reached a trading value of $0.20. After experiencing a small pull-back, this cryptocurrency shot up and reached a trading value of $0.74 by the 23rd of April. It did not stop there, however, skyrocketing again only a week later. This mooning left the cryptocurrency with a new all-time high of $1.32.
Rank: 2902
Today, Conceal is trading at $0.38 and has a trading volume of $254,000. Moreover, it has a market capitalization of $4.22 million and a maximum supply of 200 million, of which only 11 million are supplying.
Conceal (CCX) Market Price Prediction
There were numerous predictions that the fourth quarter of the year 2021 may be huge for the cryptocurrency market – and it seems like they were right. Just some days ago, Bitcoin and Ethereum set new all-time highs. After these two high a new all-time high, it is predicted that they might skyrocket and even double in price. And when Bitcoin moves, the market moves. There are numerous price predictions for the Conceal cryptocurrency, and many consider it a hidden gem.
Crypto Safe
One of the youngest cryptocurrency Youtubers, Crypto Safe, has recently covered the Conceal cryptocurrency in one of his videos. After elaborating on what this crypto project is all about and what the CCX cryptocurrency does, he presented his price prediction for the coin. According to the combined data gathered from technical and fundamental analysis, Crypto Safe’s prediction gives Conceal a possible trading value of $1.61 by the end of 2025. Furthermore, he expects the Conceal coin to increase even more during 2026, hitting a potential high of $2.74 sometime during the year.
Coin Arbitrage Bot
Coin Arbitrage Bot is a cryptocurrency prediction website that provides price predictions solely based on technical analysis and mathematical algorithms. Although this type of analysis is very accurate when it comes to other markets, the crypto market is still emerging and is way more volatile than any ordinary market. According to Coin Arbitrage Bot, Conceal may surpass the $1 milestone during 2023 but then fall back to $0.85 and end the year that way. As for the long-term, they predict that Conceal might reach a trading value of $2.24 by 2025.
Crypto Academy Conceal (CCX) Price Prediction
After doing our research around this cryptocurrency, we have come up with our price prediction. Finally, we will present our price prediction for Conceal for the upcoming years using both technical and fundamental analysis.
Conceal (CCX) Price Prediction for 2021
This year has been crazy for Conceal, which set a new all-time high back in April. Even after major cryptocurrencies dipped by quite a lot, Conceal continued to skyrocket. Although today Conceal is trading more than three times under its all-time high, we have to acknowledge that this cryptocurrency is still sitting at a price 533% higher than it was when it entered the market. We believe that the upcoming bull run might positively affect Conceal as well, possibly leaving it with a price above its current all-time high. That being said, we believe that this cryptocurrency might end the year 2021 with a trading value of $2.
Conceal (CCX) Price Prediction for 2022
Moving on, we believe that 2022 is likely to be bullish for Conceal during its first months. By the end of February 2022, Conceal might surpass the $2 milestone. Nevertheless, we expect a huge dip after this new all-time high, leaving the cryptocurrency with a potential price of $0.93. However, we think that the coin might recover, ending the year with a possible trading value between $1.81-$2.25.
Conceal (CCX) Price Prediction for 2023
As for 2023, it is predicted that the whole cryptocurrency market might enter a bearish market. This will likely affect Conceal’s market performance as well. After entering the year with a potential price between $1.81-$2.25, Conceal might experience a dip, making it drop under the mark of $1. However, as the end of the year 2023 approaches, we believe that Conceal might recover and even experience somewhat of an increase. That being said, we believe that Conceal might end the year 2023 with a price above $2.50.
Conceal (CCX) Price Prediction for 2024
Every four years, an event that is known as the Bitcoin halving occurs. When this happens, the mining rewards for Bitcoin miners are halved. This is known for having a positive influence on the whole cryptocurrency market performance. The last time this happened was during 2020, which means that the next time will be in 2024. Therefore, even though we believe the year 2024 might have a slow start, the fourth quarter of 2024 may be quite fruitful for the market. According to our prediction, Conceal might end the year with a price between $4.40-$5.20.
Conceal (CCX) Price Prediction for 2025
After possibly entering a huge bull run during the fourth quarter of 2024, Conceal is believed to continue its rapid growth throughout the first two quarters of 2025. Our prediction shows that, by March 2025, Conceal might surpass the $10 milestone. However, after reaching this new high, we believe that this coin might dip a little and then skyrocket once again during the fourth quarter of 2025, closing the year with a possible price of $16.
How to Buy Conceal (CCX)?
Step 1: Open an Exchange Account
The easiest way to buy Conceal is through a cryptocurrency exchange. We recommend you use BitMart because of the liquidity it provides. To open an exchange account in BitMart, you need to provide your personal information and email to verify you are not a bot.
Step 2: Fund Your Account
After opening your account, simply go to the “Buy & Sell” tab and proceed with the payment method of your choice. BitMart offers limited payment methods; however, you can buy cryptocurrencies directly from your credit/debit card or Paypal. The minimum amount for buying cryptocurrencies using this option is $30, while the maximum is $20,000.
Step 3: Buy CCX
Now that you have successfully funded your account go to “Markets” and search for the CCX/USDT market pair. After finding this market pair, enter the amount of CCX you can afford and press “Buy”. Then, since this is supposed to be a private coin, withdraw your Conceal coins to one of their wallets.
Frequently Asked Questions (FAQ)
Where to buy Conceal (CCX)?
There are numerous ways to buy CCX. On the one hand, you can buy CCX through a centralized exchange even though Conceal is not listed in major cryptocurrency exchanges like Binance or Coinbase. It is listed in other exchanges such as BitMart, HotBit, TradeOgre, and Stex. We recommend you use BitMart or HotBit because of the liquidity they provide. On the other hand, you can buy CCX through a decentralized exchange. Some exchanges that support CCX as a wrapped coin (wCCX) are 1Inch, Uniswap, PancakeSwap, and BakerySwap.
Can Conceal (CCX) Reach $5 in 2021?
Yes. Conceal can reach $5 in 2021, without a doubt. However, according to our price prediction, this cryptocurrency is not going to do so until 2024. We believe that, even though Conceal has the potential to x20 because of its low market capitalization, this cryptocurrency may end the year 2021 with a trading value of around $2. However, the cryptocurrency market is very unpredictable at times. Therefore, the coin may reach the above-mentioned price even before 2024.
What is a Privacy Coin?
Privacy coins have a self-explanatory name – they stay private. These types of coins are completely private, including every detail related to transactions on their network. They do this by creating new addresses for each transaction done in their network. Some examples of these coins are Monero (XMR), Bytecoin (BCN), and Conceal (CCX).
Also Read: Axie Infinity (AXS) Price Prediction 2021 and Beyond – Will AXS Hit $200 in 2021?
Takeaways
- The cryptocurrency market aims to “cure” the global financial system through revolutionary technology.
- Bitcoin is the first cryptocurrency that was ever launched. It served as an example for the ones that came after.
- Conceal was created after a small group of 16 strangers met on the internet.
- Until today, they have undergone numerous updates and have launched many apps. This improved the overall user experience of the platform.
- Some of these applications are Conceal Mobile, Conceal Live, and Conceal Blockchain Deposits.
- Their upcoming applications are Conceal Hub, Conceal Vault, and Conceal Card.
- Conceal is a privacy coin, meaning that nothing that occurs in their network can be tracked or traced. Each transaction you do on their network is completely anonymous.
- All in all, Conceal might serve as a very profitable investment.