$ZEC
This wave is very intense, pulling from over 70 dollars to 700 dollars, a 1000% increase over 12 months makes people envious. However, I think this case is very similar to 2017's Monero $XMR, when the concept of privacy coins was also booming, XMR surged from 20 dollars to 500 dollars, and what happened? When regulations came in, it was directly halved by 80%, and it stayed down for several years.
Actually, I understand the logic of privacy coins; real demand does exist, but the problem lies in the regulatory environment. Look at the mainstream exchanges like Coinbase and Kraken, which have long delisted ZEC and XMR, causing a significant shrinkage in liquidity.
I calculated that if ZEC can really reach 946 dollars, that would be a 35% upside, but the risk-reward ratio is not very favorable. A target of 10,000 dollars? That would require a market cap of 150 billion U, higher than the current LTC, which seems a bit overly optimistic.
Calmly analyzing, the risk of taking over at ZEC's current position of 700 dollars is very high. History tells us that a 1000% increase is usually accompanied by a 70-80% correction, which is a market rule. I suggest waiting for a correction to the 300-400 dollar range before considering it; at that time, the risk-reward ratio will be more reasonable. #加密市场回调