Is DCG's Zcash miner going public on NASDAQ? But the price is dropping...
DCG's Zcash miner, Fortitude Mining, announced a merger with a med-tech company, gearing up for a reverse merger to hit NASDAQ, ticker TUDE 🚀
After the news dropped, HSCS stock skyrocketed over 50%, but what about ZEC's price? It's down almost 7% in the last 24 hours, hovering around $422, and it's been in a pullback for nearly a month now😅
But don't be too quick to go short — ZEC's institutional progress lately has been pretty impressive:
🔹 Grayscale applied for the first privacy coin spot ETF (ZCSH)
🔹 SEC closed its investigation into the Zcash Foundation earlier this year, no penalties issued
🔹 Winklevoss brothers dropped $50 million on ZEC
🔹 Silbert publicly stated that "the era of privacy has arrived"
A miner going public doesn't automatically mean a price spike, but the cumulative effect of this privacy narrative is definitely worth watching. What do you all think? 👇
Note: The above is a summary of events and does not constitute investment advice.
#ZEC #Zcash #FortitudeMining #HSCS #PrivacyCoin
DCG's Zcash miner, Fortitude Mining, announced a merger with a med-tech company, gearing up for a reverse merger to hit NASDAQ, ticker TUDE 🚀
After the news dropped, HSCS stock skyrocketed over 50%, but what about ZEC's price? It's down almost 7% in the last 24 hours, hovering around $422, and it's been in a pullback for nearly a month now😅
But don't be too quick to go short — ZEC's institutional progress lately has been pretty impressive:
🔹 Grayscale applied for the first privacy coin spot ETF (ZCSH)
🔹 SEC closed its investigation into the Zcash Foundation earlier this year, no penalties issued
🔹 Winklevoss brothers dropped $50 million on ZEC
🔹 Silbert publicly stated that "the era of privacy has arrived"
A miner going public doesn't automatically mean a price spike, but the cumulative effect of this privacy narrative is definitely worth watching. What do you all think? 👇
Note: The above is a summary of events and does not constitute investment advice.
#ZEC #Zcash #FortitudeMining #HSCS #PrivacyCoin