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- Pirate chain is currently trading at $5.83 with the gain of 6.73% in the intraday session Mean while, ARRR/BTC pair is trading in a bullish momentum
- ARRR is one of the most privately secured crypto currencies in the market. It has seen more than 20X return in less than four months
Why To Invest In ARRR Token?
ARRR token price has seen more than 20X return in a very short period of time. It is currently trading near $5.6 with a small intraday gain. Pirate chain has proven itself time and again with privacy features and returns.It was formed in August 2018 by the members of Komodo community. ARRR harnesses Delayed Proof of Work (dPoW) from Komodo, zero-knowledge proof (zk-SNARKs) transactions from ZCash, and the rule of enforced private-only transactions from XMR making it best private crypto currently present. Pirate chain claims to be a 100% private send cryptocurrency, as well as the first ‘z transaction-only’ chain. It is protected from 51% attacks by utilizing the Komodo’s dPoW, meaning its blocks are notarized onto both Komodo and Bitcoin blockchains.Sybil attack against ARRR would have to overcome the combined hashrates of Bitcoin, Komodo, and Pirate. It would have an astronomical cost that would deter malicious actors. ARRR token price is currently on the road for $100 in the upcoming months.
Technical Indicators For The ARRR Token Hints At A Strong Bullish Momentum
ARRR token is seeing a consolidated momentum on the weekly time frame. The price is currently stuck in between the range of $3.5 to $7. This accumulation zone can be broken in the upcoming days with a strong volume. It is also taking a support of 50 Daily Moving Average on the chart. If the price breaks 20% above the resistance zone then a surge in the buying volume can be expected in the future. One can expect a strong uptrend in the price in upcoming days. ARRR/BTC pair might also see a strong bullish momentum in the future.
Conclusion
Pirate chain is one of the most heavily secured private cryptocurrency currently present in the market. It has given astronomical returns to its investors in the past and can do the same in upcoming days. One should do their due diligence before investing.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
