$ZEC has recently become the focus of the market, with multiple factors driving its value reassessment:
1. Binance has obtained regulatory approval in Abu Dhabi, officially opening the compliance door in the Middle East, and the access for traditional oil capital to enter has injected a strong boost into the privacy coin sector.
2. The explosive growth of Grayscale's trust holdings and endorsements from well-known institutions have further strengthened market confidence.
3. The approaching halving cycle is fermenting expectations of scarcity.
4. Technical upgrades continue to promote cross-chain privacy application scenarios.
5. ZEC, leveraging its underlying architecture of zero-knowledge proofs, highlights its unique advantages in a tightening regulatory environment, with a significant increase in on-chain privacy trading activity.
6. Currently, the short positions in the contract market are facing large-scale liquidations, and the negative funding rate indicates that the main players are clearly entering the market.
7. Regulatory risk remains the biggest variable, but the influx of Middle Eastern funds combined with the recovery of privacy demand provides strong short-term support.
