Zcash (ZEC) is a privacy-focused cryptocurrency, and like Bitcoin, it undergoes a "halving" event approximately every four years. During a halving, the block reward given to miners is reduced by 50%, which decreases the rate at which new ZEC coins are generated.
### Key Points about Zcash Halving: 1. **Purpose**: The halving process is designed to reduce inflation over time and control the total supply of Zcash. The total supply is capped at 21 million ZEC, similar to Bitcoin.
2. **Next Halving**: Zcash’s last halving occurred in November 2020, which reduced the block reward from 6.25 ZEC to 3.125 ZEC. The next halving is in 49 days, further reducing the reward to 1.5625 ZEC.
3. **Impact**: The reduction in supply typically generates interest in the market, as fewer new coins are introduced, potentially affecting ZEC's price. Past halvings for cryptocurrencies have often led to increased market activity and speculation about price appreciation.
4. **Mining**: Zcash uses a proof-of-work consensus mechanism, and the halving impacts miners directly by reducing their earnings per block mined. This could lead to reduced miner participation if prices do not rise proportionally to offset the reduced rewards.
5. **Privacy Focus**: A unique aspect of Zcash is its zero-knowledge proof protocol called zk-SNARKs, which allows transactions to be shielded for privacy. The halving event does not affect the technology itself but is significant from a supply-demand perspective.
Overall, Zcash halvings are an important mechanism that can influence market dynamics, miner behavior, and ZEC’s price over time.
Range Low Reclaim With Bullish Intraday Reversal $CELR /USDT Trade Plan Entry $0.00242 to $0.00248 Stop Loss $0.00236 TP1 $0.00255 TP2 $0.00262 TP3 $0.00270
Why this setup CELR is showing a bounce from the $0.00240 demand area after printing a series of higher lows on the 1H timeframe. Price is attempting to reclaim mid range resistance near $0.00250, and a sustained hold above this level can trigger momentum toward the $0.00260 liquidity pocket. As long as $0.00240 holds, short term structure favors upside continuation.
Will CELR break above $0.00250 and start a fresh impulse move or get rejected back into range
So we do have nearly $100,000,000 liquidation volume sat around the $71,600 level, which is the range high. So today i do expect a sweep of these levels on $BTC
Then on MONDAY everything dumps as usual.
SHORTING the range high for the sweep of $60000 again.