Top Privacy Coins for the Next Bull Run

Privacy coins are one of the oldest crypto narratives. The first-ever privacy coin, Bytecoin, was released in 2012! Yet, privacy coins are still thriving today.

From this, we can see that the crypto space values the privacy narrative. In this two-part article, we’ll take a look at the top privacy coins for the upcoming bull run.

Coin #1 – $ROSE

First on the list of top privacy coins is $ROSE. $ROSE is the native token of the Oasis network. It is a privacy-enabled, Layer 1 (L1) EVM-compatible blockchain. Moreover, it is built using the Cosmos SDK. Two main components support the Oasis network.

One is the Consensus layer. Here, the Proof-of-Stake (PoS) consensus enables the network to scale and support a high throughput. Two, the Paratime layer. This layer hosts multiple Paratimes. Each Paratime is unique and can be molded to serve a specific use case.

The $ROSE token has a variety of use cases. These include:

  • Payments for Transaction Fees.
  • Uses in DeFi. For instance, lending, borrowing, providing liquidity, and so forth.
  • Staking. This allows stakers to secure the network while earning an annual yield.

So, what makes $ROSE one of the top privacy coins? Well, we like that there are hundreds of Decentralized Applications (dApps) building on its network. Furthermore, its got a grants program and an ecosystem fund. By incentivizing developers, it can grow its ecosystem. In turn, more users will head over to Oasis. This may increase the demand for $ROSE.

Coin #2 – $AZERO

Second on the list of top privacy coins is $AZERO. $AZERO is the native token for Aleph Zero. In a nutshell, it’s a fast, scalable, and privacy-focused L1 blockchain. Similar to Oasis, Aleph Zero also uses the PoS consensus. To enhance its privacy features, Aleph Zero leverages Zero Knowledge (ZK) technology. The $AZERO token has many use cases. These comprise of:

  • Payments for Transaction Fees. 
  • Staking.
  • Governance Voting.

In our opinion, Aleph Zero is a great project. It has established a ton of partnerships. With these, the Aleph Zero ecosystem can grow and flourish. For instance, the tweet above details a partnership with Deutsche Telekom. Such partnerships enhance the legitimacy and potential of Aleph Zero.

Coin #3 – $ATOR

Next on our list of top privacy coins is $ATOR. It is the native token for the ATor protocol. ATOR aims to enable decentralized internet relays. To do this, it incentivizes relay operators. With this, more open and private protocols can thrive with hardware. With more relays worldwide, networks become more secure and decentralized. Of course, the $ATOR token has its use cases. These are:

  • Serving as a reward token. 
  • Acting as a medium of exchange within the ATOR network. 
  • Governance voting. 

Here, we do like what the ATOR protocol is trying to achieve. The team is working hard to push its hardware solution to its audience. We’re excited to see what ATOR will bring to the table shortly.

Coin #4 – $0X0

For the last of the top privacy coins, we have $0X0. This is the native token for the 0x0.ai project. In short, 0x0 provides a privacy solution for smart contracts. To do this, it uses a suite of AI tools, such as:

Soon, the team is looking to release an Anti-Rug AI solution and an AI Developer Hub too! With these tools, both users and developers in DeFi can explore and build with peace of mind.

In addition, the $0X0 token allows its holders to earn a share of fees from the 0x0.ai project! You can earn a return just by holding the $0X0 token in your wallet. That’s what we like about the project too! By holding $0X0, you’re rewarded as a loyal supporter of the project.

Conclusion

Well, that concludes our list of top privacy coins for today! But wait. That’s not all! We’ve still got a few more coins to talk about. And that’s coming up in part two of this article series. So, stay tuned!

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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