ZCoin (XZC) gains 27% to reach $12 again as zerocoin protocol looks more profitable

Breaking through the $10.65 resistance level established only a week ago, ZCoin (XZC) has risen again after falling through October from September highs over $14. Not forgetting June's all time high for this crypto of $21.02.

ZCoin was last witnessed attempting to establish support levels around the $10 mark, after previously crashing to as low as $4.65 on September 15th, that trashed 68% of its value in only two weeks.

The zerocoin protocol currency is currently sitting a few places from the top 100, where it has visited in the past during highs above $12 that have been achieved a few times in as many months.

For anonymous crypto enthusiasts, today we have also seen NAV Coin jump 60% to become the biggest gainer in the top 100, as well as PIVX attempting to establish new highs this week, who also implemented the zerocoin protocol very recently.

It's hard to tell at the moment which way ZCoin wants to go. With reliable support levels at $5, it looks like a risky buy to get in around $10 where a new theoretical supporting price is hoping to be established.

With a promising target over $20, holding long on this investment would likely go a long way. Otherwise, it seems $7.50 looks like a safer bet with the hopes of reaching $15 for a 100% return in the not-so-distant future.