Recently $ZEC has been pushed to the forefront, directly rising from $50 to over $700 in two months, with emotions, topics, and traffic all centered on it. However, beneath the excitement, there are many overlooked fundamental issues.
The recent rise of $ZEC relies more on emotional momentum, with mining machine profits being absurdly high and the payback period being unreasonably short. Such situations in PoW history are often not a good sign. With computing power lagging behind and miners flocking in wildly, it can easily evolve into a ‘scissors difference,’ leading to a double whammy on both coin price and output.
What’s more troublesome is that the overall computing power of ZEC is relatively small, making its security easily vulnerable to attacks, which does not match its current valuation at all. On-chain activity levels are also not high, and the actual usage ratio of privacy features is even more limited.
Emotions can elevate myths, but whether they can stand firm still depends on the fundamentals. ZEC's current issue isn't its popularity, but whether it can support such high expectations.
