$ZEC is about to take off again. Are you ready this time?
ZEC is on the verge of taking off! In just one day, it has risen over 11%, with the price soaring to 415, clearly showing a strong momentum. The most significant positive factor is that Zcash has just completed its halving. Simply put, the amount of new ZEC mined daily has been cut in half, making it scarcer. This is the classic narrative of scarcity in the market, and everyone understands what that means.
What excites me even more is that Grayscale has officially submitted an application for a Zcash spot ETF to the SEC. If this comes to fruition, it would be like opening a highway for institutional investment into ZEC, bringing in funding and confidence on a completely different level.
Moreover, the current market environment is becoming increasingly friendly to privacy coins like ZEC. With global regulations tightening, people are more concerned about their transaction privacy. The technology called zk-SNARKs used by ZEC allows you to prove that a transaction is legitimate while hiding transaction details, a cleverly designed “optional privacy.” Even the Ethereum Foundation is seriously developing a privacy strategy, indicating that this is definitely the next important track.
Looking at the market, the huge trading volume on Binance indicates very high interest. However, I must remind you that some technical indicators show that ZEC is already in the overbought zone, and short-term fluctuations may increase. But in the long run, if the narrative of privacy continues to gain traction, ZEC's target may not be limited to just this current increase.
Want to flip positions? Want to recover losses? Looking to delve deeper into this circle but can't find a clue, or want to quickly get started and understand the information gap? 币安聊天室 is here to share directly.
$FHE $LUNA2
