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Pirate Chain Price Analysis: ARRR The Best Privacy Coin In The Market

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  • ARRR price spiked from $0.26 to $2.75 with an outstanding return of 1000% in a period of just 10 days. 
  • The 24-hour volume in Pirate Chain is at $4,159,301 with a 24.58% decrease
  • The ARRR/BTC pair was trading at 0.00003716 BTC with a gain of 7.46%

The 4-hour technical chart of ARRR price forecasts an uptrend which gave an awesome return of 1000%. According to pivot points, ARRR’s critical support level is placed at $1.70. Whereas if it moves up, the key resistance level to watch is $2.75. While diving into the weekly chart of a 4-hour time-frame, it completes a bullish engulfing candlestick pattern representing bulls are in control.

EMA- (8,13,21,55) acts as another strong support in the coin. EMA-8 (blue) is above EMA-13,21 (green, yellow), which projects a positive trend. The price is sustaining above 55-EMA (red). Investors may perceive positive crossover in the EMA, and the price will also follow the positive trend.

RSI indicator (BULLISH), with a value of 62.15, indicates a buy signal in the coin. Moreover, Investors can see an upward slope from 50 to 62 in the index, and it may surge in future trading sessions.

The volume of (20.61K) represents a buying volume which is above the Volume MA (15.92K) of 20-days. Buying pressure is maintained in Pirate Chain to drive its price to higher levels.

What Is Pirate Chain (ARRR)? The Most Anonymous Cryptocurrency In The Market

Pirate Chain (ARRR) is a 100% private send cryptocurrency. It uses a privacy protocol that cannot be compromised by other users’ activity on the network. Most privacy coins are riddled with holes created by optional privacy. Pirate Chain uses ZK-Snarks to shield 100% of the peer to peer transactions on the blockchain making for highly anonymous and private transactions.

In case you’re a financial investor searching rigorously for private-based addresses and transactions, Pirate Chain (ARRR) could be your go-to alternative. The digital currency has made a buzz in the crypto world inferable from its case of being a 100% privacy centered cryptocurrency which utilizes a privacy protocol that can’t be undermined by other user activity on the network. This digital currency utilizes ZK-Snarks to secure entire peer to peer transactions on the Blockchain, making for highly anonymous and private transactions. 

The developer team behind the formation of Zcash, which Pirate Chain depends on, were of the opinion that the best use of the protocol is a chain that requires private sends as it were. A Delayed Proof of Work framework shields Pirate’s Blockchain from harm against twofold spends and 51% attacks by connecting a backup of the ARRR chain to the Bitcoin Blockchain. The creators guarantee that to 51% attack Pirate, one would need to first 51% attack Bitcoin, which makes protection from twofold spends and unfriendly takeovers are ‘almost impossible’. 

To know more about Pirate Chain visit their official website, Read their whitepaper. Learn about their different projects which includes PiratePay, Pirate OS, Wallets and ARRRmada. Moreover, also check their Roadmap to know about their past work and what they are going to do in 2021.

Pirate Chain (ARRR) Price Spiked After Investors Took Interest In The Coin

ARRR Price traded at $2.46 with a gain of 7.60% in the last 24-hour and 328.28% up in the weekly time-frame. Furthermore, ARRR soared from the support of $1.70. In contrast, the market capitalization stands at $411 million. Technically, investors can perceive a positive crossover in the EMA, and the price sustains above all the EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $2.75 in future trading sessions.

Resistance: $2.75

Support: $1.70

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