Today was a total bloodbath, ZEC dropped 40% due to a privacy pool vulnerability, dragging the entire privacy sector down with it. However, I took a look at the charts and found an interesting signal.
$NIGHT , as the ZK privacy chain token for Cardano, only fell 15% in the same panic environment, which is significantly more resilient compared to ZEC's halving. Over the last 30 days, NIGHT dropped from 0.0417 to 0.031, a 27% decline, while ZEC plummeted over 40% from its peak during the same period. This comparison clearly shows the market's confidence is diverging between different privacy projects.
Even though NIGHT also has the Binance Alpha Spotlight and Wallet IDO tags, its circulating supply is smaller, and its liquidity isn't as robust as ZEC's, so the selling pressure during panic is relatively limited. The 30-day bottom sits around the 10% zone, having fallen 73% from its ATH. Today's trading volume was 2.4 times the average, more active than usual but lacking extreme spikes; selling pressure is present but hasn’t spiraled out of control.
My judgment is that this position is in limbo, not pushing or pulling. I’m waiting for volume to stabilize above 0.033 before considering a move. The panic around ZEC is still brewing, and the privacy sector might continue to face pressure in the short term. However, if the fear clears and the privacy narrative isn't completely obliterated, NIGHT, being a small-cap ZK token supported by the Cardano ecosystem, could actually prove to be more resilient than ZEC.
#ZK #隐私计算 #Midnight
$NIGHT , as the ZK privacy chain token for Cardano, only fell 15% in the same panic environment, which is significantly more resilient compared to ZEC's halving. Over the last 30 days, NIGHT dropped from 0.0417 to 0.031, a 27% decline, while ZEC plummeted over 40% from its peak during the same period. This comparison clearly shows the market's confidence is diverging between different privacy projects.
Even though NIGHT also has the Binance Alpha Spotlight and Wallet IDO tags, its circulating supply is smaller, and its liquidity isn't as robust as ZEC's, so the selling pressure during panic is relatively limited. The 30-day bottom sits around the 10% zone, having fallen 73% from its ATH. Today's trading volume was 2.4 times the average, more active than usual but lacking extreme spikes; selling pressure is present but hasn’t spiraled out of control.
My judgment is that this position is in limbo, not pushing or pulling. I’m waiting for volume to stabilize above 0.033 before considering a move. The panic around ZEC is still brewing, and the privacy sector might continue to face pressure in the short term. However, if the fear clears and the privacy narrative isn't completely obliterated, NIGHT, being a small-cap ZK token supported by the Cardano ecosystem, could actually prove to be more resilient than ZEC.
#ZK #隐私计算 #Midnight