$ZEC Honestly, I’m not very keen on discussing this, but since everyone is interested, I’ll share my views.
Currently, most of the shorts are suffering; after all, it has risen so much, and panic has indeed started.
Let me first give you an overview of the market cap. The current market cap is 17.1 billion USD. In my personal opinion, ZEC is just a slightly higher market cap altcoin for now, so I won’t go into why it’s rising. The news we all see is basically the same points.
Let’s keep it simple and do a horizontal comparison with $DOGE, the Dog King.
First, market cap: ZEC at 17.1 billion, DOGE at 13.3 billion. Next, ETFs: ZEC (1), DOGE (4).
Of course, everyone should know that the expectation of ETFs plays a very big role in this rally, as reflected in various news.
Back to my personal view, if you’re shorting $ZEC, you need to be mentally prepared that it might surge dramatically. Can you keep up? Is your position well controlled? Is your expectation big enough?
Like me, I’m also shorting ZEC, but my target is around 1450, so I can accept the current price. Some smart people say, "You see 1450 but don’t go long, instead you short." (There’s too much to say about this.)
Based on past experience, some coins held by Grayscale tend to have explosive pumps and dumps, and when they dump, it really catches you off guard. Whether it can hold at the peak depends on you.
Words aren’t enough, goodbye!#LululemonTumbles20%OnWeakGuidance
Currently, most of the shorts are suffering; after all, it has risen so much, and panic has indeed started.
Let me first give you an overview of the market cap. The current market cap is 17.1 billion USD. In my personal opinion, ZEC is just a slightly higher market cap altcoin for now, so I won’t go into why it’s rising. The news we all see is basically the same points.
Let’s keep it simple and do a horizontal comparison with $DOGE, the Dog King.
First, market cap: ZEC at 17.1 billion, DOGE at 13.3 billion. Next, ETFs: ZEC (1), DOGE (4).
Of course, everyone should know that the expectation of ETFs plays a very big role in this rally, as reflected in various news.
Back to my personal view, if you’re shorting $ZEC, you need to be mentally prepared that it might surge dramatically. Can you keep up? Is your position well controlled? Is your expectation big enough?
Like me, I’m also shorting ZEC, but my target is around 1450, so I can accept the current price. Some smart people say, "You see 1450 but don’t go long, instead you short." (There’s too much to say about this.)
Based on past experience, some coins held by Grayscale tend to have explosive pumps and dumps, and when they dump, it really catches you off guard. Whether it can hold at the peak depends on you.
Words aren’t enough, goodbye!#LululemonTumbles20%OnWeakGuidance