The dynamic increase in the price of ZEC and the aggressive marketing of the project raise a debate about its role compared to Bitcoin.
The price of ZEC has increased by nearly 100% in a month, reaching 720 USD, while BTC lost 22%.
Experts warn about the risk of artificial pumping and fracturing the cryptocurrency community.
ZEC and security and impact on BTC
Analyst Eric Balchunas (Bloomberg) compared ZEC to a 'third-party candidate' in US politics – its popularity may undermine Bitcoin's position.
On the other hand, the marketing campaigns of ZEC, including paid influencer posts and headlines like 'Fidelity predicts 100,000 USD', raise doubts about artificial demand creation.
VanEck CEO, Jan van Eck, also emphasized the potential threat from quantum computers to BTC privacy, which increases interest in ZEC as an anonymous token.
Bitcoin maximalists, like Samson Mow, look at privacy tokens skeptically, and Adam Back (Blockstream) describes the quantum threat as exaggerated.
As a result, ZEC is becoming a symbol of the growing role of privacy tokens, causing tensions between bitcoin supporters and enthusiasts of anonymous cryptocurrencies.
