Recently, Alpha launched a relatively interesting coin, and the price has reached a reasonable position. Let's talk about it.

$ZTC

1/ Investment Background

- The project is supported by Watermelon Capital, DWF Labs, and Genesis Capital.

- The backgrounds of the investors include early Web3 infrastructure, market makers, and venture capital, indicating that the big players behind it have the ability to gather resources.

2/ Market Positioning

- Zenchain primarily addresses the issue of idle funds in the Bitcoin ecosystem, with many projects like Solv Goat having similar goals.

- Currently, approximately $500 billion in BTC is sitting in cold wallets or centralized exchanges.

- ZTC's goal is to convert this portion of idle funds into productive capital that can participate in DeFi while maintaining the security model of Bitcoin.

- According to an official announcement released 19 hours ago, before the mainnet launch, $50 million worth of BTC has already been invested in ZenChain.

3/ Technical Solution

- Unlike traditional cross-chain bridges that require deposit addresses, Zenchain uses Schnorr adapter signature technology.

- Cross-chain operations are compressed into a single Bitcoin transaction, relying on cryptographic commitments rather than multi-signature addresses.

- This architecture removes the dependency on middleware such as indexers and observers, reducing cross-chain latency by about 50% and preventing front-running and execution manipulation.

4/ Token Situation

- Similar to many infra coins that have recently launched on Alpha, it has extremely high control.

- It has already been listed on exchanges like Binance Alpha, Bitget, and Gate.

- Since January 13, ZTC has clearly stopped declining and stabilized, entering a range of sideways fluctuations, with a 44m FDV and 22m liquidity market cap, which is relatively undervalued for a strong whale coin.

- Apart from the portion obtained from airdrops that I haven't sold, I have also increased my holdings.

- The core reasoning for this strategy is that ZTC has evidently not completed its entire lifecycle on the market yet, and the price depth is insufficient to support the project’s liquidation.

- In this context, bottoming out and then driving up is the optimal solution.