While the majors bleed, the privacy corner just printed its loudest day in weeks. $ZEC is up about 8% near $1,352 on over $1.5B in volume, while $BTC drifts near $75,522, down 0.4%, and $ETH is softer near $2,219, down 1.4%.
The trigger looks real: $ZEC's NU7 upgrade went live on Nov 6, cutting block times from 75 to 25 seconds and retiring the old Sprout pool, freezing roughly 12,200 $ZEC for good. That scarcity story is doing the heavy lifting — though Grayscale's $ZEC ETF did see about $11M in outflows Thursday, so not everyone is buying the hype.
The line that matters now is $1,340, the October high. Hold above it and the September peak near $1,698 comes into view; lose it and a slide back toward the 50-day average near $1,216 would not surprise me. Are you buying the upgrade story here, or waiting to see $1,340 flip to support first?
#Zcash #PrivacyCoins #Write2Earn
The trigger looks real: $ZEC's NU7 upgrade went live on Nov 6, cutting block times from 75 to 25 seconds and retiring the old Sprout pool, freezing roughly 12,200 $ZEC for good. That scarcity story is doing the heavy lifting — though Grayscale's $ZEC ETF did see about $11M in outflows Thursday, so not everyone is buying the hype.
The line that matters now is $1,340, the October high. Hold above it and the September peak near $1,698 comes into view; lose it and a slide back toward the 50-day average near $1,216 would not surprise me. Are you buying the upgrade story here, or waiting to see $1,340 flip to support first?
#Zcash #PrivacyCoins #Write2Earn