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.
from Market Analysis – Invezz
